While we welcome the news reported today by the Bureau of Labor Statistics that 243,000 jobs were gained nationally as unemployment fell to 8.3 percent, these gains should not obscure the continued lack of relief for large segments of the population.
We applaud President Obama’s announcement last night of the creation of a special unit to investigate the misconduct by Big Banks that plunged millions of working Americans—and the country—into financial collapse. We continue to urge him and state attorneys general to refuse a bad settlement deal around the foreclosure crisis that would cost banks little and do even less to help struggling working families.
The increase in jobs growth reported today by the Bureau of Labor Statistics—200,000 jobs gained as unemployment fell to 8.5 percent—is a modest improvement but one that remains virtually invisible to Working America’s 3 million members. Small improvements in jobs numbers are welcome news, but they are not enough.