|
 Printer-Friendly Version
OPA News Release: [12/07/2007]
Contact Name: Jennifer Coxe
Phone Number: (202) 693-4676
Release Number: 07-1871-NAT
Statement of U.S. Labor Secretary Elaine L. Chao
on November employment numbers
WASHINGTON — U.S. Secretary of Labor Elaine L. Chao issued the following statement on the November employment situation report released today:
"Despite challenges in the housing markets and high energy prices, we’ve now seen 51 consecutive months of job growth — the longest uninterrupted period of job growth since employment surveys have been taken. Ninety-four thousand net new jobs were created in November, and the unemployment rate held steady at a low 4.7 percent, better than market forecasts. The substantial increase in average hourly earnings in November is also good news for workers and demonstrates the effectiveness of economic policies that keep taxes low."
| 
