Frank Statement on December Employment Numbers

Washington, DC - Rep. Barney Frank (D-MA), Chairman of the House Committee on Financial Services issued the following statement on the December employment numbers released today:

“Today’s employment numbers unfortunately confirm that the weakness in the economy is getting worse.  These numbers are deeply troubling in themselves because it means more men and women are unemployed in a system with an inadequate social safety net.  Additionally, these numbers are a cause of great concern for the economy as a whole and what started out as a financial problem is now spreading to other sectors of the economy.  Today’s job numbers should be a wake up call that a public policy response is needed to help the economy recover more quickly and to help average Americans deal with any downturn.”