Latta Statement on November Jobs Report: Unemployment Drops to 50 Year Low
Rebecca Card (202-225-6405)
Today, Congressman Bob Latta (R-OH5) provided the following statement on the November jobs report which showed the unemployment rate dropped to a 50-year low of 3.5%. In addition, wages grew 3.1% in the last year and 266,000 jobs were added in November.
“It has been nearly two years since the Tax Cuts and Jobs Act was signed into law by President Trump and because of our pro-growth policies, our economy is booming. Job creation continued to soar last month and more Americans are joining the workforce. In November alone, manufacturers across the country added 54,000 jobs. My district is unique as it has more than 60,000 manufacturing jobs and I have heard time and time again how the Tax Cuts and Jobs Act has directly improved folks’ lives back home.
“Americans are feeling more encouraged by the job opportunities available to them because our labor market is strong. Even still, House Democrats fail to see the writing on the wall and refuse to consider the USMCA, a 21stcentury trade agreement expected to create thousands of jobs, deliver a boost to our economy, and make us stronger on the global stage. We need to continue to support and implement pro-growth policies because we know our country is better off because of them.”