Statement from Rep. Fattah: The Recovery Continues -- More Jobs Growth, Especially for College Grads

Nov 02, 2012, 09:45 ET from Office of Congressman Chaka Fattah

WASHINGTON, Nov. 2, 2012 /PRNewswire-USNewswire/ -- Congressman Chaka Fattah (D-PA-02), the lead Democratic Appropriator for the Department of Commerce, issues this statement upon release of today's national employment report:

"The long steady recovery of the American economy under President Obama's leadership continues. Today marks the 32nd consecutive month of private sector job growth, we're still under 8 percent unemployment, and the number of Americans going to work has increased by 171,000.

"Inside the broad picture is an even more encouraging statistic: If you are 25 or older with a four year college degree, unemployment is 3.8 percent – a level that the economists would say is full employment.

"And we hear other good news – consumer confidence is up, jobless claims are down and the work force is growing. Americans are feeling the recovery, at home, at work and in the marketplace."

SOURCE Office of Congressman Chaka Fattah