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WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement today after the Department of Labor announced unemployment numbers for September:
“Today’s report on September job losses is disappointing news. Though economists largely agree that the recession that began in December 2007 has ended, that brings little comfort to Americans who are still out of work. Because employers look for signs of a lasting recovery before hiring again, jobs are often the last part of an economy to rebound. Nevertheless, with stronger stock and housing markets, a GDP that appears to have stabilized, and the Recovery Act set to continue pumping money and jobs into the economy through the fall, I am hopeful that we are regaining a solid footing, and that more hiring will soon follow.
“It’s also important to remember that, if Congress and President Obama had not taken action with the Recovery Act, the jobs picture would be far worse. Recently, the Congressional Budget Office, Moody’s, and the Council of Economic Advisors all estimated that our economy would have lost 1 million more jobs if we had done nothing. Jobs continue to be the top priority of this Congress: last week, the House passed legislation to extend the unemployment benefits of Americans still looking for work in the hardest-hit states. Congress will continue to stay focused on unemployment and economic growth until the recovery extends to all of our country’s workers and the monthly job losses end.”