WASHINGTON, D.C. — The RATE Coalition today released the following statement on the Bureau of Labor Statistics’ December 2019 jobs report:
“Today’s strong jobs report makes clear that American workers and families are the real winners of 2017’s historic tax cuts. Since the tax cuts were signed into law two years ago, more than 4.5 million new jobs have been created here in the U.S., and paychecks for low-income earners are growing at the fastest rate in more than 10 years — and faster than the wages of higher-earners. The U.S. economy finished last decade on a high note, and thanks to tax cuts, these gains will continue for years to come.”
Highlights from the December 2019 jobs report:
- The U.S. economy added 145,000 jobs in December.
- The unemployment rate remain unchanged at 3.5 percent, marking a 50-year low and nearly two years of an unemployment rate at or below 4 percent.
- Wages rose 2.9 percent over the past 12 months.