The White House reacted to the poor jobs report today by insisting that Republican policy preferences will add to the “increased uncertainty” in the economy.
“Given the increased uncertainty around the world, it is imperative that the United States not further exacerbate that uncertainty with unnecessary brinksmanship and austerity,” Jason Furman, the Chairman of the White House Council of Economic Advisers, said in a statement.
A record 94,610,000 people (ages 16 and over) were not in the labor force according to the Bureau of Labor Statistics report for September.
But Furman insisted that Americans should not worry too much about a single report. “[I]t is important not to read too much into any one monthly report, and it is informative to consider each report in the context of other data as they become available,” he said.
Furman urged Republicans to increase spending by removing the sequester spending-cuts in the budget, and also to reauthorize the Ex-Im Bank, and insisted those steps would help the economy.