Tax Reform Helps Generate Unemployment Rate That “Matches Lowest Point In Half A Century

“May’s jobs report offers the American people 223,000 new examples as to how tax reform is growing our economy – recently crowned the ‘world’s most competitive.’ Coupled with ‘a record month for raises‘ – one in which ‘the number of small companies raising wages hit a record high in the U.S.’ – and the continued wave of wage hikes, utility rate cuts, and 401(k) match increases, the figures released today by the Labor Department provide proof that the Tax Cuts and Jobs Act is living up to its name.

“The RATE Coalition is tremendously proud of tax reform’s role in helping generate the lowest unemployment rate in a generation.”