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decisions are made by someone in the west wing of the white house who has never even held a private sector job. if these dealerships are comfortable staying open and the banks in the community can continue to provide the capital, i cannot see a reason why these dealerships should be forced to close. who else is going to sell these little green cars if we do not have the dealerships there to provide the services? i like to thank dr. hall for testifying before the committee and for his team s important work at the bureau of labor statistics. i will yield back the balance of my time. . . burgess. @@@ @ @ @ @ @ @ a#a@ @ @ @ @ job losses average 643,000 per month during the prior six months. in may, the unemployment rate rose to 9.4%. since the recession began in september 2007, payroll employment has fallen by 6 million, and the unemployment tage points. job losses continue to be widespread in may but the rate of decline moderated in construction and several service-providi ....
that s correct. tell us the significance of@ is that a reasonable statement? yes, we have had a steady moderation in job loss for four straight months now. what does that tell you? you re trying to look forward, what does it say? would you attribute that to? this is not an improvement in the job market yet, but this is a moderation in the job loss. this is what we hope to see on the way towards eventually job growth. we have heard a number of folks here recently to say that it looks like we may be coming out of this recession at the end of the year, and some who are not they look at it a little more conservatively. they say sometime next year. what you see? w, what do you see? it s hard for me to project but i will say this sort of moderation is consistent with with an improving job market as far as whether it will hold continue to moderate the future, i can t say. now, is it possible to identify the effects of the stimulus bill with regard to empl ....
no, we re busy just counting jobs. great. the administration s tax reduction went into effect in april. the major one of the major parts of the stimulus bill adds about $1.10 a day to the income of individual taxpayers. what evidence is there in this report today that that measure had any positive effect on employment conditions? i really wouldn t be able to make a connection between the two in this report. .. i wasn t providing the information to mr. hall, i was asking about the claims made by the administration and are the affecting these job numbers and his answer was very clear, no, they are not. he can t verify them. they are not justifiable, and i understand that he should not go beyond his scope of expertise in these areas that i think the time when we are seeing so much spin on the economy it s important to go to the facts. i don t want to carry this to much longer but mr. hall as i heard what you negative kawai just want to make sure we are clear. w ....