On the recordMay 14, 2012
I compliment the chair of the committee for her very wise remarks. I know the ranking member, Senator Chambliss, is in full accord. This is a very bipartisan effort. I hope we can succeed in getting to the bottom of it. Unemployment Mr. President, I wanted to talk today a little bit about unemployment and the economy. There have been a lot of news stories--some very serious, as the one we just discussed, and some a little bit more frivolous--that I think are distracting from what I believe is the top domestic problem in the United States today, the lagging unemployment. I wish to focus on that today and what we could do about it versus what we are or are not doing about it. There are troubling economic trends, and I think maybe we can make some recommendations to the President about how we can help to get out of the ditch we are in. Unfortunately, the administration has been claiming that the economy is continuing to heal and touting the latest jobs report, and I think that misleads the American people, and here is why: It is true that by their measure the unemployment rate has declined from 8.2 percent to 8.1 percent, but that doesn't represent progress if you look behind the numbers. If you look behind the numbers and the actual employment data, employers added only 115,000 jobs last month.…





