Strong Jobs Growth Reported as Tax Cuts Move Closer to the President’s Desk
Washington, D.C.— The Job Creators Network (JCN) highlights the strong November jobs numbers reported today by the Bureau of Labor Statistics. The report reveals that 228,000 jobs were created last month and the unemployment rate remains low at 4.1 percent—with many economists declaring we are approaching full employment. The strong numbers demonstrate the sustained strength of the U.S. economy, likely brought on by President Trump’s deregulation and pro-business initiatives. Building on these positive job numbers is the stock market—which is at an all-time high—and a consumer confidence level that has hit a 17 year record.
The strong economic indicators are likely being driven by pending tax cuts legislation that will allow small businesses to hire more people, raise wages, and invest in their communities. Both chambers of Congress have voted to send their respective tax cut bills to conference where a final bill will emerge. While the specifics of the ultimate legislation are still to be hammered out, it will include numerous provisions to help the country’s small business job creators.
Alfredo Ortiz, JCN President and CEO, released the following statement:
Today’s jobs report is yet another indication that the country is finally on the right economic path. President Trump’s efforts to reduce regulation and bring about other pro-business reforms are encouraging our nation’s small business job creators, that are responsible for two-thirds of new job growth, to invest, expand, and hire. The tax cuts bill that has continued to move closer to the finish line this week is another step toward the creation of more high-paying jobs. Passing tax relief for small businesses by Christmas will spur even more economic growth and job creation in the months ahead.