Department of Labor’s response to the July employment report

US Labor Secretary, Elaine Chao, recently spoke concerning July employment numbers.

Recently reported on the US Department of Labor’s website, Elaine Chao comments about the July employment situation:

“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.”