467,000 JOBS ADDED IN JANUARY, UNEMPLOYMENT RATE RISES TO 4.0%, JOB CREATORS NETWORK REACTS

Today, the U.S. Department of Labor released its monthly jobs report. The US economy added 467,000 jobs in January. The unemployment rate rose from 3.9% to 4.0%. Employment growth continued in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing.

Alfredo Ortiz, President and CEO of the Job Creators Network (JCN), released the following statement:

“This is a good number and it’s encouraging. It certainly shows Americans are tired of government-induced lockdowns and a new Johns Hopkins study confirms what we knew all along: lockdowns don’t help.  Unfortunately, the damage has already been done. We were down 22.4 million jobs at the height of the pandemic.  Many of those jobs have returned, thanks to Republican Governors and their pro-freedom policies.  However, there are still about three million Americans who had a job pre-Covid who don’t have one now. Passing the BBB Act in ‘chunks’ – as President Biden promises to do – will cripple further job growth.   Additionally, inflation and supply chain issues are still hurting job creators and disproportionally hurting small businesses while large businesses are able to leverage purchasing power and long-term pricing contracts.”