Job Creators Network Reacts to January Jobs Report

Alfredo Ortiz, president and CEO of Job Creators Network, released the following statement in response to the January job report, which showed 353,000 jobs were created and the unemployment rate and labor force participation rate were steady at 3.7% and 62.5%, respectively:

“Friday’s jobs report is not the home run that Democrats and the mainstream media claim. While topline job growth increased, the composition of these jobs also matters. Job creation last month continued to disproportionately occur in unproductive sectors such as government, healthcare, and social assistance. While some jobs in these sectors are important, they are not the high-innovation, pro-growth jobs the country needs to outcompete China and overcome historic inflation. The nation’s economic transition towards this type of work is a concern on many levels. Employment actually declined last month in the mining, quarrying, and oil and gas extraction industry. This economic sector lubricates the American economy and provides jobs to support a family on. The Biden administration’s recent LNG export ban will only further depress this vital sector of the economy. 

“Fortunately, bipartisan tax cut legislation passed this week in the House of Representatives can boost good jobs and provide meaningful economic growth. The legislation extends key tax cuts passed as part of the Tax Cuts and Jobs Act in 2017, making it easier for small businesses to invest, expand, and grow. The Senate should move quickly to pass it.”