Statement by the President on Fed. Reserve Chair Nomination

Today, President Obama officially nominated Dr. Janet Yellen to be the next Federal Reserve chair. Dr. Yellen currently sits on the Reserve, so someone would need to be appointed to replace her. She was widely expected to be picked after Larry Summers dropped out of consideration and was considered to […]

Speaker Boehner Statement on July Jobs Report

“Three years after the Obama administration proclaimed ‘welcome to the recovery,’ we’re still seeing the same thing month after month: not enough new jobs and an unemployment rate far higher than promised. Nearly five years of aggressive intervention by Washington – the ‘stimulus’ era of excessive spending, excessive red tape, […]

Economy Adds 162,000 Jobs

The Department of Labor’s monthly jobs report shows that the economy added 162,000 jobs in July. The unemployment rate fell to 7.4%. Many analysts were expecting about 180,000 jobs to be created. The Department also revised the May and June job numbers downward. This was the lowest jobs report since […]

Alert: February Jobs Report

The economy had a net growth of 226,000 jobs. Due to that, the unemployment rate went down two-tenths of a percentage point to 7.7%. The unemployment rate is the lowest in our years. Many analysts were only expecting a growth of 180,000 jobs.