Trump Economy: Private Sector Job Growth, Higher Wages

Jobs report beats hiring expectations, unemployment rate falls, and wage growth continues to put more money in the pockets of working families.

WASHINGTON, D.C. - Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Bureau of Labor Statistics released its latest jobs report, showing the economy beat expectations and created 130,000 new jobs, including more jobs in the construction sector thanks to President Trump's pro-growth policies:

"A vibrant American economy like the one we are seeing today is built on private businesses investing in their communities and creating jobs, not more government bureaucrats hired on the taxpayer's dime, as was the case when Joe Biden was in the White House. Workers have more money in their pockets today from wages rising faster than prices and from Republican tax cuts like no tax on tips, no tax on overtime, no tax on Social Security, a bigger Child Tax Credit, and the increased standard deduction.

"Looking ahead, the Working Families Tax Cuts will continue to spur more good-paying jobs as businesses around the world invest in new facilities and new equipment right here in America."