Job Creators Network Responds to November Jobs Report

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the November jobs report, which showed 227,000 jobs created last month, the unemployment rate rising to 4.2%, and the labor force participation rate falling to 62.5%:

“November’s solid job market is due to one factor: President Trump’s reelection. Republicans’ Election Day victory has renewed confidence among Main Street job creators. The tough economic times of the Biden-Harris administration are ending, and the strong Trump economy is returning.

“However, cracks in the labor market remain due to four years of bad Democratic policies. Employment measured by the more accurate household survey fell again last month. The establishment survey shows around half of the new jobs created were created in the unproductive government and quasi-government sectors of the economy that don’t drive economic growth. And retail jobs contracted as retailers face numerous regulatory and cost headwinds.

“Trump and Republicans can reward their small business support and reinvigorate the labor market by passing an extension to the Tax Cuts and Jobs Act, set to expire next year, immediately upon taking office as part of a broader small business agenda. Extending and expanding the TCJA would patch the cracks in the labor market, help retailers and all of Main Street, and deliver productive job creation for years to come.”