WASHINGTON, D.C. — The RATE Coalition today released the following statement on the Bureau of Labor Statistics’ October 2019 jobs report:
“In less than two years, the historic tax cuts of 2017 have led to more than four million new jobs in our communities, and this month’s jobs report is no exception. Maintaining low, globally competitive tax rates will continue to deliver these positive results while hiking rates would place an undue burden on American workers and job creators.”
Highlights from the October 2019 jobs report:
- The U.S. economy added 128,000 jobs in October.
- The unemployment rate is 3.6 percent, marking the 20th consecutive month where the unemployment rate was at or below 4 percent.
- Wages rose 3.0 percent over the past 12 months.