Congressman Kevin Brady, Representing Texas' 8th Congressional District
  For Immediate Release  
February 4, 2011

 

Economy Still Sputtering Despite a Drop in the Unemployment Rate
Job Creation Numbers are much worse than expected, says House GOP Economic Leader

Washington, D.C. - As the Federal Reserve helped pumped the stock market up to pre-crisis levels, job creation in the U.S. remained anemic with only 36,000 non-farm payroll jobs added in January. Even though the nation's unemployment rate dipped to 9%, it is not a positive sign when the unemployment rate drops because hundreds of thousands of Americans have stopped looking for work. Meanwhile, 378,000 fewer payroll jobs were created last year that previously announced.
 
"America's job creators remain cautious, because they know our economy has been held back from its natural recovery by misplaced economic policies tumbling out of Washington," said U.S. Congressman Kevin Brady (R-TX), the vice chair-designate of the Joint Economic Committee and a senior member of the House Ways & Means Committee.
 
"The right strategy for getting Americans back to work is not another 'jobs bill' piled high with pork-barrel spending," added Brady. "Our recovery will accelerate by subtraction - by rolling back the job-killing legislation and regulations of the past two years that discourage hiring including the new health care law."

 
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