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 142,000 jobs created last month, the unemployment rate fell to 4.2%, and the labor force participation rate remained at 62.7%.

“Friday’s jobs report reveals accelerating weakness in the American economy, as we’ve been saying all along. Job creation was below expectations, and half of new positions were created in the unproductive government or quasi-government healthcare and social services sectors. A record 8.2 million Americans have second jobs. Prior months’ job creation was significantly revised down – again. So far this year, the number of unemployed Americans has increased by one million.”

“The weakening American economy is a result of nearly four years of bad government policies by the Biden-Harris administration, including historic inflation, overregulation, and anti-energy rules. Families are paying approximately $28,000 more due to the cost increases under this administration, hurting discretionary spending and the Main Street economy. Harris’s anti-small business platform of repealing the Tax Cuts and Jobs Act, enacting the largest tax hike in American history, and expanding Biden’s burdensome labor and environmental regulations would break the cracking American labor market and economy.”