It’s hard to overstate how great this morning’s jobs report is. The top line of 250,000 new jobs was a blowout in and of itself, but it comes along with other great economic news.
• Wage growth: 3.1 percent, the biggest jump since April 2009.
• New record low for Hispanic unemployment: 4.4 percent.
• Veteran unemployment near record lows: 2.9 percent.
• Job growth across virtually all sectors, including health care, manufacturing, construction, transportation, leisure and hospitality.
Speaker Ryan said it well in his op-ed in today’s Washington Examiner:
“After the stagnation of the Obama era, our economy is growing at its strongest clip in years. Wages and benefits are rising at their fastest rate in a decade. We’ve rolled back regulations that were stifling growth and have allowed American small businesses and job creators to do what they do best.”
“Families are feeling the direct effects of this growing economy. Thanks to tax reform, nine out of 10 workers are seeing their paychecks grow. At least six million workers have received raises, bonuses, and better benefits. Starting next year, the average family will save more than $2,000. And we simplified the tax code, doubled the standard deduction, and increased the child tax credit to allow people to keep more of what they earn and make filing easier.”
“Reports like today’s are the direct result of Republican leadership — and the tax cuts, regulatory reforms, and pro-growth policies that come with it. Democrats like Jennifer Wexton, Leslie Cockburn, Abigail Spanberger, and Elaine Luria have said openly and repeatedly that they would vote to reverse these same policies. After years of failure, our economy is booming. Jobs are plentiful, and wages are growing. Why would we want to go back to where we were just two short years ago?” — Garren Shipley, RNC spokesman