Joint Economic Committee Chairman Erik Paulsen lauded news of strong job growth and rising wages in the August unemployment report by the Department of Labor:
"Job growth remains strong with solid gains in August, bringing us to nearly 1.7 million new jobs created since tax reform was enacted. Especially encouraging is that wages are rising at their fastest rate since mid-2009. More jobs and higher wages show these pro-growth policies are working and Americans are better off."
Note: The U.S. Department of Labor reported today that the economy added 201,000 jobs in August and the unemployment rate was 3.9 percent. Average hourly private-sector earnings were up 2.9 percent over the previous year. In August, they were up 2.7 percent. The unemployment rate was 3.9 percent, unchanged from July.
Jul 26 2018
Jul 09 2018
Jun 27 2018
WASHINGTON--In response to the Federal Open Market Committee's announcement of a planned interest rate increase, Chairman Erik Paulsen, R-Minn., said:
"With our economy growing strong thanks to measures like the Tax Cuts and Jobs Act and regulatory reform, I’m glad to see the Federal Reserve taking careful steps to maintain our economic momentum."