Job Creators Network Responds to June Jobs Report

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the June jobs report, which showed 57,000 jobs created, the unemployment rate fall to 4.2%, and the labor force participation rate fall to 61.5%:

“June’s weak jobs report is a one-off following several months of very strong jobs days, and it doesn’t reflect the state of the underlying economy. June’s jobs market was dealing with temporarily elevated gas prices and transient inflation due to the war in Iran, which is now ending. As oil prices and gas prices fall, Americans will have more disposable income to create jobs. The plummeting labor force participation rate will reverse as Republican welfare work requirements take effect.

“Today’s jobs report should take potential Federal Reserve interest rate hikes fully off the table, especially as inflation falls along with gas prices. Americans should celebrate the first anniversary of the Working Families Tax Cut alongside the nation’s 250th birthday on July 4 because its pro-growth provisions will boost the economy and labor market to new heights in the months ahead, now that war and inflation are ending.”