San Francisco – Democratic Leader Nancy Pelosi released the following statement today after the Department of Labor announced that the economy added 157,000 jobs and the unemployment rate rose to 7.9 percent in January. With private businesses adding 166,000 jobs, this marks the 35th consecutive month of private sector job growth:
“Today’s jobs report shows more progress for our private sector – with more than six million jobs added by businesses with this recovery – while reinforcing the need for clear, immediate action to create jobs, grow the economy, and strengthen the middle class, as we responsibly bring down the deficit.
“The last thing our economy needs right now is another series of Republican gimmicks that simply increase uncertainty and move our country from one manufactured crisis to the next. Americans cannot afford Republicans’ short-term band aids and misguided policies that risk our economic security, fail to create jobs, and sap the confidence of consumers and the markets.
“Moving forward, Democrats and Republicans must work together toward a comprehensive agreement that puts people to work, averts deep, across-the-board spending cuts, removes the long-term threat of default, and reduces the deficit in a balanced way. We must keep our focus on Americans’ top priority – job creation – and act to expand our economy and spur prosperity for the middle class.”