WASHINGTON - Sen. Mike Johanns (R-Neb.) today issued the following statement after the Department of Labor (DOL) issued the May jobs report, showing less jobs were created than expected and unemployment increased to 8.2 percent:
“The sad reality is that our unemployment rate has been too high for too long,” Johanns said. “While the state of our nation’s economy has an impact on every American, it’s those who often can least afford it facing the brunt of this recession. We must work together in Washington to free private businesses from burdensome regulations and provide the tax certainty they need to grow, expand and hire those who need the jobs we are sorely missing.”
Background:• The job growth in May was the weakest in a year and less than half of the 150,000 expected new jobs were added last month.
• The unemployment rate for women 16 and over is 7.9 percent, according to the Bureau or Labor Statistics (BLS).
• Nearly a quarter of all youth between the ages of 16 and 19 looking for employment are unemployed, according to BLS, and almost 13 percent of individuals between the age of 20 and 24.
• The unemployment rate among African-Americans is 13.6 percent and 11 percent among the Hispanic or Latino community, according to BLS.
• Unemployment among post-9/11 veterans is 12.7 percent, according to BLS.
• The nation’s underemployment rate also increased to nearly 15 percent.
• BLS reports the average duration of unemployment is close to 40 weeks.
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