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OPA News Release: [08/01/2008]
Contact Name: Jennifer Coxe
Phone Number: (202) 693-4676
Release Number: 08-1115-NAT
Statement of U.S. Labor Secretary Elaine L. Chao
on July employment numbers
WASHINGTON — U.S. Secretary of Labor Elaine L. Chao issued the following statement on the July employment situation report released today:
"While we are concerned about continued job losses, the overall economic picture, including the second quarter GDP's increase of nearly two percent, demonstrates that our economy continues to work its way through current challenges. The resiliency of the economy given all the shocks we have sustained is noteworthy. The long term fundamentals of the economy remain solid. Now is not the time to raise taxes and take more money out of the pockets of workers when they need it most."
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