Politics

6th straight month of job losses.

The monthly Labor Department jobs report released this morning says “payrolls dropped by 62,000” while the unemployment rate held steady at 5.5 percent. June marks the sixth month in a row that the economy has lost jobs. According to the Joint Economic Committee, nearly 440,000 jobs have been lost in 2008.

UPDATE

In a statement, Sen. John McCain (R-AZ) says, “Americans across this country are hurting and today’s job numbers are just the latest indication. … At a time when our small businesses need support from Washington, we cannot raise taxes, increase regulation and isolate ourselves from foreign markets. These are the same old siren songs that have failed the American people time and time again.”

Sen. Barack Obama (D-IL) states: “As these numbers demonstrate, the American people can’t wait another six months. We need action now. That’s why I’m calling on Congress and the President to enact real, immediate relief with energy rebates for working families this summer, a fund to help families avoid foreclosure, extended benefits for the long-term jobless, and assistance to states that have been hard-hit by the economic downturn.”

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