WASHINGTON, D.C. — The RATE Coalition today released the following statement on the Bureau of Labor Statistics’ September 2019 jobs report:
“The positive impact tax reform has on American workers and job creators becomes clearer with each jobs report. As a result of pro-growth tax cuts, the unemployment rate fell to a historic low while wages keep growing. Lower, globally competitive tax rates are bringing companies and jobs back from overseas, creating new opportunities and growing paychecks for American families. This is what tax reform delivers for our nation.”
Highlights from the September 2019 jobs report:
- The U.S. economy added 136,000 jobs in September.
- Unemployment dropped to 3.5 percent, the lowest unemployment rate since December 1969. September marked the 19th consecutive month where the unemployment rate was at or below 4 percent.
- Wages rose 2.9 percent over the past 12 months.