Thursday, May 10, 2012

CHAIRMAN OF THE HOUSE WAYS AND MEANS COMMITTEE DAVE CAMP COMMENTS ON JOBS REPORT

FROM:  CONGRESSMAN DAVE CAMPS WEBSITE
The  jobs report released last week showed the economy added just 115,000 jobs last month, with a jobless rate of 8.1 percent.  However, with 12.5 million Americans still struggling to find work, the real news in the monthly jobs report was that more than 340,000 people stopped looking for work altogether and officially dropped out of the labor force.  If these individuals, commonly referred to as the “invisible unemployed,” were in the official labor force, they would be counted as officially unemployed and raise the current unemployment rate to 11 percent. Congressman Dave Camp (R-Midland) knows that the best way to spur economic growth and job creation is to promote policies that ensure job creators have the freedom and flexibility to invest and hire, and that growth starts by demonstrating  a bipartisan commitment to advancing pro-growth policies. He is working on reforming the complicated tax code, cutting red tape and empowering small businesses to use their resources as they see best – not as Washington dictates. To date, the House has passed 27 pro-growth jobs bills that are currently awaiting consideration in the Senate.

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