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Press Release: Economists for Romney Comments on Today’s Disappointing State Employment Report

September 21, 2012 by econsforromney

For Immediate Release                                         Contact: James Carter
September 21, 2012                              economistsforromney@gmail.com

Washington, D.C.:  Economists for Romney (E4R) commented today on the state unemployment data released this morning by the Bureau of Labor Statistics (BLS).  “It’s bad enough that the national unemployment rate is 8.1 percent,” said E4R founder James Carter, “but we learned this morning that the unemployment rate actually increased in 26 states last month and is now 9 percent or higher in a dozen states.  That may be change, but it’s not welcome change.”

According to today’s BLS report:

* Twenty-one states had unemployment rates in August above the national average, including Florida (8.8 percent), Michigan (9.4 percent), and North Carolina (9.7 percent).

* In 40 states, the unemployment rate was higher in August than in June.

* Three states–California, Rhode Island, and Nevada–continue to suffer from double-digit unemployment.

* Nevada’s unemployment rate bottomed-out at 11.6 percent last May.  It now stands at 12.1 percent–the highest unemployment rate of any state.

* Nonfarm payroll employment fell in 21 states in August.  Virginia alone lost 12,400 jobs last month.

About E4R

To date, 654 economists—including six Nobel laureates—have signed E4R’s statement.  The statement and its signatories are available at www.EconomistsforRomney.com. The statement begins, “We enthusiastically endorse Governor Mitt Romney’s economic plan to create jobs and restore economic growth while returning America to its tradition of economic freedom.”

The Economists for Romney statement concludes, “In sum, Governor Romney’s economic plan is far superior for creating economic growth and jobs than the actions and interventions President Obama has taken or plans to take in the future. This November, voters will make a fundamental choice between differing visions of America’s economic future.”

Economists for Romney is an independent, voluntary association of economists who support Governor Romney’s economic plan for America. Economists for Romney is not an official arm of the 2012 Mitt Romney campaign, nor does it accept dues, fees, donations, or contributions.

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