WASHINGTON, D.C. — The RATE Coalition today released the following statement on the Bureau of Labor Statistics’ November 2019 jobs report:
“Nearly two years since Congress delivered historic tax cuts, the U.S. economy is delivering new jobs, higher paychecks, and more opportunities for American workers and families. Workers and businesses are feeling as confident as ever this holiday season as the U.S. economy keeps showing its strength. Lawmakers should keep spreading holiday cheer by stopping job killing tax hikes and maintaining globally competitive tax rates.”
Highlights from the November 2019 jobs report:
- The U.S. economy added 266,000 jobs in November.
- The unemployment rate fell to 3.5 percent, marking the lowest unemployment rate in 50 years and the 21st consecutive month where the unemployment rate was at or below 4 percent.
- Wages rose 3.1 percent over the past 12 months.