September 7, 2012

Ryan says jobs report sign of failed leadership

Associated Press
 
Tags:businesseconomyelectionseventsGeneral newsGovernment and politicsLabor economyLeading economic indicatorsNational electionspresidential electionsUnited States Presidential Election

LOS ANGELES (AP) — Republican vice presidential nominee Paul Ryan says the latest unemployment report shows the economy is “limping along” as a result of failed leadership and bad fiscal policy coming from the Obama administration.

Ryan says news that employers added just 96,000 new jobs in August “is not even close to what a recovery looks like.”

He commented during an interview with CNBC before a campaign appearance in Nevada.

The unemployment rate fell to 8.1 percent in August, down from 8.3 percent in July. But the drop was only because more people gave up looking for work.

Ryan says he and Republican presidential candidate Mitt Romney will push for low tax rates, economic growth and regulatory reform to help employers create jobs.

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