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Yarmuth Statement on January Jobs Reports

Feb 3, 2017

Washington, D.C.—Kentucky Congressman John Yarmuth, Ranking Member of the House Budget Committee, issued the following statement on the Department of Labor’s January jobs report, the final report covering the time of the Obama administration. The economy added 227,000 jobs in January and unemployment is at 4.8%:

"Today’s report from the Bureau of Labor Statistics is another reminder of how far our economy has come under President Obama’s leadership. Over the last eight years, we have rebounded from one of the deepest recessions in generations, logged a record 76 consecutive months of job growth, added about 16 million jobs since 2010, and cut unemployment in half. We have to remain committed to increasing wages and growing the economy. That is why I am deeply concerned that the Trump Administration and Congressional Republicans are gearing up to take us down a different path, one that will reverse the hard-earned progress our country has made. Republican Leadership has already begun efforts to end health coverage for millions of Americans, and will follow that up with deep tax breaks for the wealthy. Today we learn that the President wants to start once again deregulating Wall Street and removing protections for consumers and seniors. These actions will lead to greater income inequality and make it much harder for families struggling to get ahead.  Instead of abandoning the progress of the past eight years, Republicans should join with Democrats to build upon our nation’s success and expand economic opportunity for all Americans."