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Latta Statement on 4.1% GDP Growth in the Second Quarter

Washington, July 27, 2018 | Drew Griffin (202-225-6405)
Tags: Economy

Congressman Bob Latta released the following statement after the announcement by the Commerce Department that the seasonally-adjusted economic growth was 4.1% for the months of April-June. The growth was the largest quarter in four years.

“The best quarter for GDP growth in four years is another indication of how strong the economy is performing,” said Latta. “Because of pro-growth policies under this Congress, like the Tax Cuts and Jobs Act, more Americans are able to find work and keep more of their hard-earned money.

“It’s not just growth, either. The unemployment rate recently matched its lowest rate in 49 years and unemployment claims are at all-time lows. In fact, there are currently more jobs available than those looking for work – a first in American history. This also highlights the need to ensure we have strong job training and career education programs. Our workforce should be equipped with the necessary tools to be successful in the modern economy. This week, the House passed the Strengthening Career and Technical Education for the 21st Century Act to provide more flexibility to local stakeholders and states to develop and implement the job training programs that work best for their area.”

More information on the Strengthening Career and Technical Education for the 21st Century Act is available here.

 

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