Sean Patrick Maloney: “last Friday we got another employment report showing that American workers are losing out. Payroll employment growth was…”

“last Friday we got another employment report showing that American workers are losing out. Payroll employment growth was disappointing once again. Only 146,000 jobs were added in June, when market forecasters were expecting between 175,000 and 200,000. Though the unemployment rate edged down, it was not because people are reentering the labor force. There still seems to be a great deal of hidden unemployment. Compared to the start of the recession in early 2001, participation in the labor force now is actually 1.2 percent lower. A smaller proportion of the working age population has a job now compared to then. Worst of all, inflation is still outpacing wages, and the distribution of earnings is increasingly imbalanced. The signs are clear, workers are being shortchanged in this economic recovery, but this administration is standing idly by. ____________________”