WASHINGTON, May 4 /PRNewswire-USNewswire/ -- U.S. Secretary of Labor Elaine L. Chao issued the following statement on the April employment situation report released today:It is the worst economy since Hoover. I blame Bush!
"Today's report of 88,000 new jobs created in April shows that despite rising energy prices and a slowdown in residential housing, the economy continues to produce new jobs. The unemployment rate remains essentially unchanged at 4.5 percent, which is more than a full point lower than the 5.7 percent average unemployment rate of the 1990s. And the continuing employment gains in health care and professional services underscore the importance of the president's High Growth Job Training Initiative, which trains workers for growing sectors of our knowledge-based economy."
U.S. Department of Labor releases are accessible on the Internet at http://www.dol.gov. The information in this news release will be made available in alternate format (large print, Braille, audio tape or disc) from the COAST office upon request. Please specify which news release when placing your request at (202) 693-7828 or TTY (202) 693-7755. The Labor Department is committed to providing America's employers and employees with easy access to understandable information on how to comply with its laws and regulations. For more information, please visit http://www.dol.gov/compliance.
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