NY GOP: This is Not What a Recovery Looks Like

“This is Not What a Recovery Looks Like”

FOR IMMEDIATE RELEASE

Contact: Becky Miller

RMiller@NYGOP.org

518.462.2601

Albany, NY …October 5, 2012 – Today The New York GOP released the following statement on the jobs numbers:

45 months after the passage of the Obama Stimulus Package, which the president promised would keep unemployment below 8%, unemployment has ostensibly dipped below that threshold.

But the real numbers tell a different story:

Including those who have dropped out of the workforce altogether because they have been unable to find work, the unemployment rate is closer to 11%.

The U6 unemployment rate, which includes part-time workers who desire, but are unable to find full time work, stands at 14.7%, unchanged from the previous month.

The number of people with part-time jobs who want full-time work rose 7.5% to 8.6 million, the most since February 2009.

Our workforce participation rate is 63.6%, the lowest rate since the Carter administration.

As Mitt Romney said, “this is not what a real recovery looks like.”

With 1 in 6 Americans in poverty, Barack Obama cannot run on his economic record.

At Wednesday’s debate, Americans were presented with a clear choice between a candidate with the experience and business acumen to create jobs in America, and a President who looked out of energy and out of ideas.

And one month from tomorrow, he’ll be out of time.

Bazzo 10/07/12

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