Friday, March 6, 2009

Washington, D.C. – Congresswoman Dina Titus of Nevada’s Third District released the following statement today on the latest jobs report showing that 651,000 jobs were lost in February.  The national unemployment rate rose to 8.1 percent and Nevada’s unemployment rate increased to 9.4 percent.

“Since this economic recession began in December of 2007, Nevada has endured record foreclosures and an unemployment rate that is approaching double digits.  This Congress inherited a deep economic crisis that will not turn around over night.  Today’s news that 651,000 jobs were lost last month makes it clear that the road back to economic security will not be easy and it will take time.  But already, Congress has taken critical steps to put our nation on the path to recovery.

“We passed a recovery package that will create millions of jobs, including 34,000 jobs in Nevada.  As part of one of the largest tax cuts in history, 95 percent of Americans will receive a tax cut.  And we invested in critical needs such as aging infrastructure and education programs that are threatened by deep budget cuts.

“This important legislation marked the beginning of our efforts to fix our economy, and I stand committed to working with President Obama and in the spirit of bipartisanship with my colleagues in Congress to take Nevada and our nation in a new direction.”

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Tags: jobs