Job Creators Network Responds to August Jobs Report

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the August jobs report, which showed 22,000 jobs created, the unemployment rate increasing to 4.3%, and the labor force participation rate increasing to 62.3%:

“The stagnant American jobs market reflects the pressure many small businesses are facing from high interest rates that are around two percentage points higher than other industrialized nations. When small businesses, which create nearly two-thirds of new jobs, can’t access credit, they can’t invest back into their businesses. As a result, job creation suffers. The Federal Reserve should respond by cutting rates by a minimum of half a point at its meeting this month, as President Trump has long said. If the Fed had listened to Trump, summer job creation would have been much stronger.

“The labor market is stronger than the topline numbers suggest. Wages are growing faster than inflation, improving workers’ standards of living, a stark change from the Biden administration. The household survey showed solid seasonally-adjusted job creation. And unproductive federal government jobs continue to decline.

“New JCN polling finds that nearly all small businesses plan to take advantage of the tax cuts in the Big Beautiful Bill that was signed into law on Independence Day, boosting job creation and wages. And President Trump’s efforts to reduce crime in Democrat cities will allow more minority entrepreneurs to finally live the American Dream, without fear for their safety. Significantly lower interest rates and the tax cuts coming online will significantly strengthen the labor market in the months ahead.”