Lowest Unemployment Rate in 49 Years
Today, the Department of Labor announced that the nationwide unemployment rate fell to 3.7 percent, the lowest rate since December of 1969. The department's September jobs report also showed continued strength in the growing U.S. economy as more than 134,000 new jobs were added during the month. Finally, the report concluded that wages have increased 2.8 percent over last year.
Congressman John Moolenaar has voted for pro-growth policies in the House of Representatives, including an across-the-board tax cut that lowered tax rates for all Americans. That tax cut let Michigan workers keep more of their own money when it took effect earlier this year.
Congressman Moolenaar made the following statement on today's job report:
"The economy is strong, with more jobs and higher wages. I have seen firsthand as local businesses are building new facilities and putting out 'Help Wanted' signs to hire more workers for good-paying jobs. I voted to let Michigan families and small businesses keep more of their own money and we are seeing good economic signs in mid and northern Michigan."