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Press Release

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FOR IMMEDIATE RELEASE

CONTACT OFFICE OF PUBLIC AFFAIRS

Friday, October 3, 2008

202-482-4883

Statement by Secretary Gutierrez on September’s Employment Report

WASHINGTON—U.S. Secretary of Commerce Carlos M. Gutierrez today released the following statement on the September Employment Report, which showed that the unemployment rate is 6.1 percent:

“Today’s employment report underscores the significant hurdles our economy faces. While the unemployment rate remains the same, clearly, we are disappointed with these job losses. Our economy is experiencing major shocks, particularly in the housing and credit sectors, which impact every American. We know it will take some time to work through this difficult period. The Administration has taken bold actions to help stabilize the economy. I am pleased Congress has passed the crucial bipartisan Emergency Economic Stabilization Act. This plan will protect taxpayers and help families get loans for homes, cars and education, and allow businesses a flow of credit to pay their employees and create jobs. It is a significant step toward economic stability.

“Trade continues to be one source of strength for our economy. Other nations want our products and services, and American exporters should have a level playing field to sell their goods abroad. Passing free trade agreements is one of the best tools to increase American exports and help grow our economy. We will also continue to work with Congress to explore alternative sources of energy and look at ways to create jobs.”