wrote this press release about the jobless rate which remains on her site.
Washington, D.C. -- House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics' announcement that 470,000 people abandoned their job searches in July and that 3.2 million private sector jobs have been lost since President Bush took office:
“The fact is that President Bush’s misguided economic policies have failed to create jobs. Since President Bush took office, the country has lost 3.2 million jobs, the worst record since President Hoover. And today we learned that in July nearly half a million people gave up looking for a job.
“Job losses are taking a real toll on the financial security of American families. While Democrats are fighting for opportunity, jobs, and economic security for working families, Republicans continue to focus on helping those who need help the least.
“According to today’s survey, while the national unemployment rate dropped slightly, it still stands at a near record high. In addition, the unemployment rate for African Americans was still over 11 percent in July, and the unemployment rate for Hispanics was 8.2 percent in July.
“It is time for President Bush and the Republicans to get to work for all Americans, not just the elite few.”
Here are the statistics for April, 2010 from the United States Department of Labor.
In April, the number of unemployed persons was 15.3 million, and the unemployment rate edged up to 9.9 percent. The rate had been 9.7 percent for the first 3 months of this year.
Among the major worker groups, the unemployment rate for whites (9.0 percent) edged up in April, while the rates for adult men (10.1 percent), adult women (8.2 percent), teenagers (25.4 percent), blacks (16.5 percent), and Hispanics (12.5 percent) showed little or no change.
Where is the public outcry from Nancy Pelosi and Paul Kanjorski for THEIR President to take action? Hypocrisy is not the word for Nancy and Paul. Obama's failed policies have failed to create jobs. More information from the Bureau of Labor Statistics:
The number of long-term unemployed (those jobless for 27 weeks and over) continued to trend up over the month, reaching 6.7 million. In April, 45.9 percent of unemployed persons had been jobless for 27 weeks or more.
Long term jobless is over double the jobs claimed to have been lost by Bush in 2003 yet the Pelosi/Kanjorski team, and particularly Paul wants to make the claim the Democrats saved the economy from collapse. Please stop, we can't take much more of your saving! Our college graduates will be the next great big default if job creation doesn't occur soon. Maybe that is the real reason Obama took over the federal student loan system.