Friday, January 7, 2011

DOL Secretary Holis Issues Optimistic Statement on U.S. Employment Situation

Department of Labor Secretary Hilda L. Solis issued a statement in the wake of the new year with a highly optimistic tone on the state of the employment situation in the United States. From the DOL press release:
"The American economy has come a long way in the last two years. In the month President Obama was inaugurated, the economy lost nearly 800,000 jobs. In 2010, every single month posted private sector job growth, with well over a million jobs added throughout the year. And job growth has occurred in a broad range of industries, led by professional and business services, leisure and hospitality, and health care. Furthermore, business and consumer spending are growing, with manufacturing activity and disposable income for American families on the rise.
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"Protecting the Affordable Care Act is a large part of that commitment. Now is not the time to play politics with the health of Americans and the health of the economy. The law provides all Americans the freedom to make career choices without having to worry about losing their health insurance when changing jobs. Repealing this law would deny millions of Americans that choice. Repeal would also take health insurance away from 30 million Americans, it would allow insurance companies to boost their profits at the expense of our citizens, and it would add at least a trillion dollars to the deficit. In addition, the law includes a tax credit for small businesses to cover up to 35 percent of premium costs of their employees. In 2014, this rate coverage will increase to 50 percent. Repealing the law will make it more expensive for small businesses burdened by rising health care costs to cover their employees.

"A new year and a new Congress usher in a shared responsibility to work together to create economic prosperity for all Americans. The fact is that almost one in 10 people in the labor force are still without a job. And that is where the Labor Department — and this administration — remain focused because the American people are looking to their government for commonsense leadership during these difficult times. While the employment situation is clearly improving, my mission remains the same: to create good and safe jobs for everyone. It is what the American people are counting on and a goal we will continue to keep at the forefront of everything we do."

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