This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

LIUNA On January Jobs Report: Weak Recovery Demands Infrastructure Investment To Spur Growth

WASHINGTON, Feb. 1, 2013 /PRNewswire-USNewswire/ -- According to today's jobs report from the U.S. Labor Department, employers added 157,000 new jobs in January. The national unemployment rate remained essentially unchanged, edging up 0.1 percent to 7.9. The construction industry gained 28,000 jobs last month, but overall unemployment remains high for U.S. construction workers at 16.1 percent. Since January 2011, construction employment has grown by 296,000, with one-third of the gains occurring in the last 4 months. However, the January 2013 level of construction employment remains about 2 million below its previous peak in April 2006.

(Logo: http://photos.prnewswire.com/prnh/20110428/DC91600LOGO)

Terry O'Sullivan, General President of LIUNA – the Laborers' International Union of North America – issued the following statement about today's jobs report:

"The addition of 157,000 new jobs is good news for the labor market but a far cry from the employment boom we need to end the unemployment crisis still gripping our economy and crippling the construction industry.

"Fundamentally, America is facing two problems, high unemployment and decaying infrastructure, both of which can be addressed by investing in our nation's critical infrastructure systems at the rate needed to meet current demands.

"Modernizing America's roads, bridges, highways, waterways and electrical systems will create good-paying jobs across the country, bringing unemployment down and wages up. In the long run, it will also drive down transportation costs for American households and businesses, boost consumer spending, reduce the deficit and make America more economically competitive in the global economy.

"Departing U.S. Transportation Secretary, Ray LaHood, predicted earlier this week that infrastructure investment would become a second term policy priority for Congress along the lines of immigration reform. For U.S. construction workers, this cannot happen soon enough. If lawmakers are serious about ending the unemployment crisis, they need to focus on infrastructure investment now and start building a stronger, safer and more productive America."

The half-million members of LIUNA – the Laborers' International Union of North America – are on the forefront of the construction industry, a powerhouse of workers who are proud to build America.

SOURCE Laborers' International Union of North America

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs