WASHINGTON, D.C. — The RATE Coalition today released the following statement on the Bureau of Labor Statistics’ February 2020 jobs report:
“Continued U.S. job growth and a declining unemployment rate are evidence of the strong currents propelling our economy forward. Whether you point to a jobs report that smashes expectations, steady wage growth, or the highest economic confidence in twenty years, Americans are better off today than they were before 2017’s historic tax cuts. Maintaining globally competitive tax rates are the best way to keep this economic momentum going.”
Highlights from the February 2020 jobs report:
- The U.S. economy added 273,000 jobs in February.
- The unemployment rate is 3.5 percent, marking a 50-year low and nearly two years of an unemployment rate at or below 4 percent.
- Wages rose 3 percent over the past 12 months.