And again, we’re not seeing the numbers America needs to succeed.
The Department of Labor reported an unemployment rate of 6.2% (up from last month’s 6.1%) and 9.7 million unemployed Americans (an increase of 200,000). But in actuality, it’s much worse.
If you factor in the Americans who have stopped searching for work (2.2 million) and those who are working part-time because they can’t find full-time employment (7.5 million), you end up with 19.4 million unemployed Americans. Making the unemployment rate 12.2%. Yikes.
For some sectors, this past month was especially rough. Hospital employment decreased by 7,100, and in nursing and residential care facilities it fell by 7,200.
The number of long-term unemployed (those unemployed for 27 weeks or longer) rose as well, to 3.2 million – and they make up 32.9% of the unemployed. That’s a lot of people to be looking for work – for a very long time.
Numbers tell the truth – and these numbers aren’t good. President Obama’s “recovery summer” has lasted far too long – longer than the actual recession itself. We still have a lot of work to do.
House Republicans will continue to pass solutions that solve these problems and help Americans get back to work. Decreasing regulation, reforming the tax code, creating jobs, and streamlining skills-training programs are all actions the House has taken to put this economy, and most importantly the American people, back on track.