Washington, DC (September 6, 2019) – Today, the U.S. Department of Labor announced that 130,000 jobs were created in August, with the unemployment rate holding steady at 3.7 percent.
“In spite of the pundits cheering for a recession, the fundamentals of America’s economy are strong, with 130,000 jobs being created in August, the unemployment rate hovering near a 50-year low, and the total number of Americans considered employed surging by 590,000 to a record 157.9 million. It’s hard to make the case that a recession is imminent when there are more jobs available than workers to fill them, wages continue to grow at more than 3 percent for the year and unemployment among African-Americans, Hispanic-Americans, and Asian-Americans are at record lows. We continue to experience a labor shortage, with more than 7 million unfilled jobs, a scenario that didn’t happen during the last administration. The Trump Administration is addressing the skills gap by expanding workforce development initiatives, including the Pledge to America’s Workers. To keep our economic momentum going, we need the Federal Reserve to cut interest rates at their next policy meeting. We also need to keep fighting far-left policies, such as the Green New Deal and a $15 minimum wage. We are now almost three years into one of the strongest economies in history, but we can take things to an even higher level if our political leaders build on the Administration’s success, instead of trying to undermine it.”