Ways And Means Chairman Kevin Brady Praises Latest Jobs Report

WASHINGTON, D.C. – According to the latest jobs report, the unemployment rate dropped to a 10 year low of 4.4 percent, with 211,000 jobs added in April, the Associated Press reported Friday.

Wage growth is also expected to see a bounce of 2.6 percent gain, as a result of those unemployment numbers.

Ways and Means Committee Chairman Kevin Brady (R-TX) released the following statement in response to the Department of Labor’s April 2017 jobs report:

“This report shows our economy is making progress, and I’m confident we will accelerate this progress as we continue working with President Trump on our pro-growth agenda. Just yesterday, the House took a major step forward by repealing nearly $1 trillion of Obamacare’s crushing taxes and mandates that have hurt workers and families and stifled job creation. We also laid the foundation for a robust, free-market health care system based on competition, innovation, and choice—key drivers for a stronger economy.
“House Republicans will continue to take action that creates more jobs, increases paychecks, and improves lives across the country. With the President, the Senate, and the House moving forward on pro-growth tax reform, this year is our best opportunity in a generation to deliver the results the American people deserve.”

Meanwhile, the numbers suggest the U.S. job market is in solid shape, according to Gus Faucher, chief economist at PNC Financial Services.

Many of those job increases are in the manufacturing sector, which posted gains of 37,000 new jobs in the first quarter of 2017.

Other sectors that saw gains include healthcare, and construction while the retail sector continues to suffer, showing small gains of only 6,000 jobs.

Image: Official Portrait