Chabot Praises Record Unemployment Rate and Higher Wages
WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the United States Department of Labor reported that 134,000 jobs were added in September with unemployment hitting a 49-year low at 3.7 percent. In addition, the National Federation of Independent Business (NFIB) reported that 37 percent of firms are offering higher compensation in September, which is further underscored by the 2.8 percent wage increase generated in 2017.
"It’s great to see the accelerated growth our economy is undergoing with the continued positive effects of our pro-growth policies in full swing. With unemployment the lowest it’s been since 1969 and over 1.8 million jobs created since the Tax Cuts and Jobs Act was signed into law, we’re clearly headed in the right direction. Not only are there more job openings, but a record number of small business owners are increasing wages to attract and retain more employees. This good news will bode well for those seeking employment, and I look forward to seeing this momentum continue.”