Unemployment rate rises as long term unemployment sets a new record says Brady
Washington DC -- In a very mixed Employment Report the unemployment rate rose to 9.9 in April and long-term unemployment rose to an all-time record high of 6.72 million Americans. Nearly 46 of jobless Americans have been out of work for more than half a year now even as U.S. economy added 290000 jobs in April with the help of 66000 temporary Census jobs.
A painfully slow job recovery is better than no recovery but for the nearly 15 million Americans out of work who are waiting for Washington Democrats to finally focus on jobs this report has got to be disheartening said U.S. Congressman Kevin Brady (R-Texas) the lead House Republican on the Joint Economic Committee.
At this slow pace it will take much of the decade to return to normal employment levels.
Consumers and businesses are increasingly concerned that runaway government spending and dangerous levels of debt could lead America down the path on which Greece has now found itself. Further hindering Americas recovery are small businesses reluctant to hire workers while Congress is demanding new taxes higher energy prices and more expensive health care costs. Right now Washington is standing firmly in the way of Americas recovery.
