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Employment Report Underscores Urgent Need to Remove Impediments to Growth and Jobs, Says U.S. Chamber

Thursday, July 7, 2011 - 8:00pm

WASHINGTON, D.C.—U.S. Chamber of Commerce Chief Economist Dr. Martin Regalia issued the following statement on the June employment report:

“Today’s jobs report is deeply disappointing—only 18,000 jobs created in June, downward revisions in the numbers from the previous two months, and an uptick in the unemployment rate to 9.2%.

“These abysmal numbers underscore the fact that current economic policies are not working. We urgently need to remove impediments to growth and job creation. We need to approve the three pending free trade agreements, which will not only save 380,000 jobs from being lost to our competitors, but will create thousands of new ones. We need to invest in infrastructure to rebuild our crumbling roads and bridges and put idle construction workers back to work. We need to get moving on increasing domestic energy, which will create jobs in America, reduce our reliance on foreign oil, and generate revenue for the government. We need to speed up the permitting process so projects can get underway more quickly and remove other regulatory barriers that are weighing down the economy. And we need to promote certainty and fiscal responsibility by promptly increasing the debt limit and reaching agreement on a binding and enforceable deficit reduction plan.

“We will not achieve substantial, sustainable improvement in the employment picture until we sweep away the obvious impediments to growth and job creation. The sooner we start, the better. It’s time to stop talking and start doing.”

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

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