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Black: Unemployment Numbers Offer Some Relief, But More Pro-Growth Policies Needed

Mar 9, 2012 Issues: Economy and Jobs

Washington, D.C. (Friday, March 9, 2012)—Today, amid news that the national unemployment rate remained unchanged at 8.3% and the economy added 227,000 jobs in the month of February, U.S. Representative Diane Black (R-TN), praised yesterday’s passage of the Jumpstart Our Business Startups Act (JOBS Act), and called on the president and U.S. Senate to join the House in passing more pro-growth policies.

“While our economy is showing small signs of recovery, more than four years after the start of this recession things are not getting better fast enough,” said Black.  “I and my colleagues in the House of Representatives are committed to getting Americans back to work—that is why we have passed nearly 30 jobs bills to date, and just yesterday overwhelming passed the JOBS Act, a package of six bills designed to help startup companies and entrepreneurs launch new businesses and create jobs.”

According to the Kauffman Foundation, startups have created nearly 40 million jobs since 1980 and the Small Business Administration shows small businesses generate over 60% of new jobs in this country.  Unfortunately, policies from the federal government have made it harder for small businesses to start up and grow. According to the World Bank’s annual “Doing Business” report, the U.S. fell to number 13 in ranking for “ease of starting a business.”

The JOBS Act was designed to increase small business competitiveness and growth, removing barriers for investment and making it easier for more small and medium size companies to go public.  Proposals within the JOBS Act have all received strong bipartisan support in Congress, from the President’s Jobs Council as well as from the business community.

“The backbone of the American economy has always been the small business owner and entrepreneur,” said Black.  “For too long, barriers and red tape have gotten in the way for those who wanted to launch a startup—this bill is a crucial step in jumpstarting our economy and giving entrepreneurs the tools they need to grow their business.  We in the House are working to get our economy moving again.  With unemployment still above 8%,  too many Americans are out of work.  I call on the Senate to quickly pass the JOBS Act—and the almost 30 other bipartisan jobs bills—and send them to the president’s desk for his signature.” 

To learn more about the JOBS Act, click here.