Press Releases

Frank statement on December 2010 Jobs Report

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Washington, DC, January 7, 2011 | comments

Washington, D.C. – Congressman Barney Frank, Ranking Member of the House Financial Services Committee, released the following statement in response to the Department of Labor’s December 2010 jobs report released today:

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Congressman Barney Frank, Ranking Member of the House Financial Services Committee, released the following statement in response to the Department of Labor’s December 2010 jobs report released today:

“Today’s report, combined with the October and November revisions, shows that we are moving in the right direction and that the economic recovery has clearly begun to take hold.  It is a clear refutation of the notion that our policies have been making the situation worse.  But it is also demonstrates that we must also do more to reduce unemployment.

“Improvements in private sector employment have been partly offset by a continuing decline in public sector jobs.  State and local governments have been forced to lay off firefighters, teachers, police officers and others who provide essential services to our communities.  This both hurts American families and weakens the recovery. 

This situation obviously turns on its head the conservative argument that excess public employment is hindering private job growth.

“As we move forward in efforts to generate jobs, one of the most important things we can do is to put teachers, firefighters, police officers and other public employees back to work.  This is important both for the good of our communities and for its macroeconomic effect.”

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