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Friday, October 2, 2020

Scott Statement on September Jobs Report

Source: bobbyscott.house.gov - Friday, October 02, 2020
As originally released by the Committee on Education & Labor WASHINGTON, DC – Chairman Bobby Scott (VA-03) issued the following statement after the Bureau of Labor Statistics announced that the economy added 661,000 jobs in August with the unemployment rate at 7.9 percent. “As the nation undergoes the greatest economic and public health crisis in modern history, today’s jobs report reaffirms that Congress must pass additional support for American workers, students, and families. More than seven months since this crisis began, a record number of workers continue to file for unemployment compensation each week – over 1.4 million Americans filed for unemployment insurance or Pandemic Unemployment Assistance last week, far exceeding the pre-pandemic record of just over 1 million. Additionally, the American economy has nearly 11 million fewer jobs compared to February. “Due to continued inaction by the Trump Administration and Senate Republicans, this pandemic is doing deep, lasting damage to workers and the economy. In fact, new estimates from the Congressional Budget Office project that 8 million of the job losses due to the pandemic will be permanent. As Federal Reserve Chair Jerome Powell recently indicated , the current downturn will be longer, deeper, and more painful if Congress does not provide additional relief. “Yesterday, the House passed an updated version of the Heroes Act , which increases funding for state and local g
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