Press Release

Statement by Secretary Gutierrez on November’s Employment Report

WASHINGTON—U.S. Secretary of Commerce Carlos M. Gutierrez today released the following statement on the November Employment Report, which showed that the unemployment rate is 6.7 percent:

“Today’s employment report reflects the difficulties in our economy. It is devastating when Americans lose their jobs, and many are worried about their future job security. The administration is focused on implementing the financial rescue package to stabilize our financial system and preserve jobs in our country. As the financial sector strengthens, it will become easier for businesses to receive credit that will allow them to meet their payroll needs and create jobs. America has faced tough economic times before and through the strength and perseverance of our workers and the creativity of the American people, our economy will recover.

“This report also highlights the need for Congress to modify Section 136 of the Energy Bill to stabilize the auto industry while the companies demonstrate they are able to make the changes necessary to become viable.”