More New Jobs Created in October
Strong Economy Continues To Create New Jobs; Pelosi Says Trade Agreement Might Wait Until 2020
Today, the U.S. Department of Labor announced that 128,000 new jobs were created in the month of October and that wages were three percent higher than a year ago.
The department also reported the national unemployment rate stands at 3.6 percent, near the 50-year low it hit earlier this year.
While the economy is growing, a pending trade agreement between the United States, Mexico and Canada that would benefit Michigan farmers and manufacturers faced a new hurdle from House Speaker Nancy Pelosi.
One day after she presided over a vote on House Democrats' partisan impeachment inquiry, Pelosi told Bloomberg News today that a vote on President Donald Trump’s USMCA trade agreement with Mexico and Canada might have to wait until 2020. It has now been nearly a year since the agreement was signed on November 30, 2018, by President Trump and the leaders of Mexico and Canada.
Congressman John Moolenaar made the following statement on today’s news:
“The economy continues to be strong, with more new jobs and wages rising. In the district, I see ‘Help Wanted’ signs everywhere I go and I know our manufacturers are looking for hardworking people who are trained in the skilled trades.
“The economy could be doing even better though if the House passed the USMCA trade agreement. So it is unfortunate that Speaker Pelosi said today there may not even be a vote until next year. This agreement was reached nearly a year ago and there should be a vote soon, but it’s clear that impeachment is a more important priority for Democrats than passing a new agreement that will benefit Michigan farmers and manufacturers."