The Economy

Floor Speech

Date: Sept. 19, 2013
Location: Washington, DC

(Mr. HOLDING asked and was given permission to address the House for 1 minute.)

Mr. HOLDING. Mr. Speaker, the President has repeatedly boasted that last month the unemployment rate dropped to 7.3 percent, the lowest it has been in nearly 5 years.

Mr. Speaker, although the rate has fallen, for many it is not because they've found jobs but, rather, because they've stopped looking for one and left the job market altogether.

While the President has concentrated on this figure, other numbers simply cannot be ignored. There are still too many areas of the country where unemployment is far higher.

For example, in four of the nine counties which I represent in North Carolina, the unemployment rate is in double digits, and so is the national unemployment rate for folks 13 to 24 years old.

Mr. Speaker, we should be doing what we can do to get people back to work and lighten their economic burden. Through increased taxes and regulations and overreaching health care law, this administration has done exactly the opposite and has continued to play politics rather than promote pro-growth policies.