The U.S. Chamber of Commerce, the leading business lobby in Washington, reacted to today’s disappointing employment numbers from the Labor Department with a harsh assessment of the current economic policies.
Dr. Martin Regalia, Chamber’s chief economist, said:
For yet another month the economy created a paltry number of jobs. The unemployment rate dropped because 368,000 people left the workforce. The participation rate in the jobs market is at a 30-year low. Clearly the economic policies that have been implemented in Washington are failing. These numbers virtually assure that the Fed will try to bail out the economy with yet another round of monetary easing.
