|FOR IMMEDIATE RELEASE:||
CONTACT: Jesse Jacobs - 202-224-4524
|Friday, December 6, 2002||
Craig Davis - 202-224-7391
Senator Paul S. Sarbanes (D-MD), Chairman of the Banking, Housing, and Urban Affairs Committee, today released the following statement on the rise in the unemployment rate to 6%:
"Today's report that the unemployment rate jumped to 6 percent in November underscores the urgent need to extend unemployment insurance benefits. It is a travesty that the President and the House Republican leadership failed to support a meaningful extension of unemployment insurance benefits before Congress adjourned.
"As a result, close to 1 million Americans will be left out in the cold when their unemployment benefits expire 3 days after Christmas. I hope that the President, with the help of a new economic team, will finally move off of the side-lines and support an extension of unemployment insurance benefits when the Congress returns in January."