The economy lost 353,000 workers last month, and the Labor Force shrunk
Texas Insider Report WASHINGTON, D.C. – Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement after the release of the April jobs report from the Bureau of Labor Statistics:
“It’s troubling that the economy lost 353,000 workers last month and the labor force shrunk, creating more pressure for higher prices while hammering small businesses whose optimism is plummeting. Along with shrinking paychecks and a shrinking economy, all warn of a painful recession ahead.”
Background:
- The Bureau of Labor Statistics April jobs report showed that employers added 428,000 jobs to their payrolls last month and the unemployment rate was unchanged at 3.6 percent.
- The household survey noted that the labor force lost 353,000 workers.
- ADP on Wednesday showed 120,000 job losses in small businesses.
