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The Progressive

NewsWire

A project of Common Dreams

For Immediate Release
Contact: press@groundworkcollaborative.org

Groundwork’s Lindsay Owens on August Jobs Report: “Chair Powell needs to get on with it”

WASHINGTON - Today, the Bureau of Labor Statistics released the August jobs report which showed that the U.S. economy added 142,000 jobs and the unemployment rate ticked down to 4.2%.

Groundwork Collaborative’s Executive Director Lindsay Owens reacted with the following statement:

“Today’s jobs report confirms that the Federal Reserve is late to the game. Chair Powell needs to get on with it and deliver a sizable rate cut this month or we are going to be staring down an ugly winter.”

The Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone. Our work is driven by a core guiding principle: We are the economy. Groundwork Collaborative envisions an economic system that produces strong, broadly shared prosperity and power for all people, not just a wealthy few.