New Data Shows 265,100 California Jobs Lost Since January 2001;
3.2 million jobs lost nationwide
California Unemployment Remains at 6.7%
WASHINGTON, DC - U.S. Representative Adam Schiff (D-CA) today announced his continuing concern that the number of jobs lost nationwide continues to climb. According to the Bureau of Labor Statistics (BLS) data released this morning, 3.2 million private sector jobs have been lost since January, 2001, with the economy shedding another 34,000 private-sector jobs in July. In California alone, 265,100 jobs were lost since January 2001. Even though the nationwide unemployment rate is currently 6.2 percent, California's unemployment remains at 6.7 percent.
"Since January 2001, more than 3.2 million private-sector jobs have been lost. The Administration still lacks a comprehensive economic plan to put people back to work. Although defense spending has had a stimulative impact, this is not a substitute for an economic plan. While I am encouraged that the national unemployment rate dropped slightly, California's unemployment remains at a staggering 6.7 percent.
With the nation's unemployment at a near record high in the past decade, it is incumbent upon us, as legislators, to invest in job growth programs, address the ballooning national debt and double our efforts to build back the economy to where we were in the 1990s."
Rep. Schiff represents California’s 29th Congressional District, including the communities of Alhambra, Altadena, Burbank, East Pasadena, East San Gabriel, Glendale, Monterey Park, Pasadena, San Gabriel, South Pasadena and Temple City.