GOP Leaders Downplay Dip In Jobless Rate
House GOP leaders downplayed the dip in the nation’s unemployment rate from 9 percent to 8.6 percent Friday morning, the lowest recorded rate in nearly three years.
“Today’s unemployment numbers certainly look good on its surface,” House Majority Leader Eric Cantor (R-Va.) said at a Friday press conference. “If you look at the number of new jobs created, there’s just not enough new jobs being created in America.”
According to the latest unemployment numbers, the economy added 120,000 jobs in November. Despite seeing jobs totals reach at least 100,000 in the past three months - September numbers were revised showing 210,000 new jobs were added, an uptick of 52,000 from the initial report - House Speaker John Boehner (R-Ohio) voiced his concern over the period of time in which the jobless rate has remained above 8 percent.
“The jobless rate in our country is still unacceptably high, Boehner said. “Today marks the 34th consecutive month of unemployment above eight percent.”
Though Republican leaders welcomed the dip in the unemployment rate as “good news,” they remained skeptical of Obama’s economic agenda. Boehner used the opportunity to call on President Obama and the Democratic-controlled Senate to take up 25 House-passed bills, all of which are considered job creators by House Republicans.
“It is time for the president to admit, after being able to enact all the major tenants of his agenda… that ultimately his policies are not working,” Rep. Jeb Hensarling (R-Texas) said. “We would ask Mr. President to please asks Mr. Reid to pass our jobs bills.”
Saving The Environment Could Save You Cash And Maybe Your Job, Says Labor Secretary
A new rebate program for home retrofits proposed by the Obama administration could save homeowners hundreds of dollars a year and create new jobs, according to Labor Secretary Hilda Solis.
“The single act of retrofitting these home to make them more energy efficient is one of the fastest and easiest things that we can do to put Americans back to work while saving families money and reducing harmful emissions,” Solis said during a conference call with reporters Tuesday. “In short, this is a triple win. We are meeting the needs of workers, employers and home owners.”
Solis added that the administration will offer training programs to instruct workers in retrofitting. The secretary contended that the program is an important step in recovering the hard-hit construction industry.
The $6 billion program would be divided into two rebates, the gold and the silver star, which would be added to the current energy tax rebate program that was enacted under the Recovery Act, according to Assistant to the President for Energy and Climate Change Carol Browner.
The silver star program would issue a 50 precent rebate for point of sale purchases on energy saving equipment up to $1,000 and cap the credit amount to $3,000 per home. The gold star program would be an overall rebate of $3,000 on whole home energy retrofits.
Browning estimates that around 2-3 million homes would be affected and homeowners could stand to save around $200- $500 per year in energy costs.