WASHINGTON, D.C.— The RATE Coalition today released the following statement on the Bureau of Labor Statistics’ August 2019 jobs report:
“More Americans are seeing new job opportunities and bigger paychecks as the positive impacts of tax cuts ripple throughout the U.S. economy. Another month of positive job creation and wage growth should signal to all lawmakers that focusing on pro-growth policies is the right plan. It’s clear that to continue this progress American businesses and workers need certainty – not a constant threat of tax hikes.”
Highlights from the August 2019 jobs report:
- The U.S. economy added 130,000 jobs in August.
- Unemployment remained unchanged at 3.7 percent, making August the 18th consecutive month where the unemployment rate was at or below 4 percent.
- The labor force participation rate rose to 63.2 percent.
- Wages rose 3.2 percent over the past 12 months.