Jan 06 2017
Tiberi Statement on December Jobs Report
U. S. Congressman Pat Tiberi (R-OH), chairman-designate of the Joint Economic Committee, today issued the following statement regarding the employment report for December 2016 by the Bureau of Labor Statistics:
“The low unemployment rate and the positive jobs gain is welcome news; however, far too many workers have been left behind by President Obama’s failed policies. I’ve heard first-hand from Ohio business owners and employers across the country that the outdated tax code and crippling regulations have limited their ability to create jobs, causing many Americans to simply give up looking for work. As a result, the workforce participation rate remains at a rate not seen in nearly four decades. The new Congress and the new administration will work to accelerate job growth by cutting government mandates and overhauling our tax code to help sidelined workers get back to work and to get our economy growing more rapidly.”
Note: Today’s report from the Bureau of Labor Statistics indicates that the U.S. economy added 156,000 nonfarm payroll jobs in December and the unemployment rate ticked up slightly to 4.7 percent. The labor force participation rate was 62.7 percent, unchanged over the year.