SCHAUMBURG, IL – According to today’s report from the U.S. Department of Labor, the unemployment rate dropped to 6.8 %, only because 400,000 Americans stopped looking for jobs. This lowered the labor participation rate to 62.8%, the lowest rate since 1978. A total of 91.8 million Americans are no longer in the labor force.
GOP congressional candidate Larry Kaifesh of Carpentersville said those sobering numbers mean more and more Americans are losing out on the American Dream.
“This morning’s report from the Labor Department is what drives me to run for Congress,” said Kaifesh. “Day after day, we hear about shocking statistics with people unable to find work, people losing their healthcare, and losing out on the American Dream – the Dream is still out there, we just need government to get out of our way, so we can attain it.”
The report also pointed out an increase in the number of unemployed women in the workforce. In December, 20,000 fewer women (16 and over) held jobs, compared to November, bringing the total to 67.8 million women who are out of the labor force.
“For the last five years, Washington has had the audacity to tell us that this is the ‘New Normal,’” added Kaifesh. “No, the ‘New Normal’ is simply the lack of leadership in Congress failing the unemployed mother, the recent college graduate, or a senior citizen who needs to find a job because they can’t afford retirement. I will go to Washington to fight the ‘New Normal,’ that is my commitment.”
Kaifesh, a military veteran, is facing Aurora businesswoman Manju Goel in the March 18th, 2014 GOP primary. The winner will challenge Democrat incumbent U.S. Rep. Tammy Duckworth in November 2014.