Washington, D.C. (January 10, 2020)—Today, the U.S. Department of Labor announced that 145,000 jobs were created in December, with the unemployment rate holding steady at 3.5 percent.
Alfredo Ortiz, President and CEO of the Job Creators Network, released the following statement:
“Since President Trump was elected, the economy has created about 7.1 million jobs. This is an outstanding achievement, and while December’s job numbers (145,000 net jobs) didn’t match the scorching-hot numbers we’ve seen for most of the Administration, the unemployment rate is at a 50-year low of 3.5 percent and the ‘real unemployment rate’ fell to 6.7 percent, the lowest level on record. Non-supervisory wages are rising faster than supervisory wages. Additionally, the labor market is very tight, making it hard to find people to fill the jobs. There is every reason to believe that 2020 will be a banner year. The Federal Reserve cut interest rates in October, the USMCA will likely earn Senate passage soon, and Phase One of the China deal is complete. The only thing that can disrupt America’s economy is the Democrats’ left-wing agenda, which would crush America’s 90-million-strong small business community with higher taxes, more red tape, and higher costs.”