On the recordFebruary 28, 2019
Madam President, just in getting started this morning, I wanted to take a minute to mention the good news on economic growth we received this morning. While headlines mentioned the very solid 2.9 percent growth number for 2018, if we use the measure that economists prefer, the news is even better--3.1 percent growth from the fourth quarter of 2017 to the fourth quarter of 2018. This is just more evidence that Republican economic policies are working. We lifted burdensome regulations and passed a comprehensive reform of our Tax Code to put more money in Americans' pockets and make it easier for businesses to grow and expand jobs. Now we are seeing the effects. Unemployment is low. January marked the 11th straight month that unemployment has been at or below 4 percent. That is the longest streak in nearly five decades. The number of job openings hit a record high in December, and, once again, there were more job openings than job seekers. Wage growth has accelerated. Wages have now been growing at a rate of 3 percent or greater for 6 straight months. The last time wage growth reached this level was in 2009. Median household income is at an all-time, inflation-adjusted record of $61,372. The list goes on. What does all of this mean? It means more money in American families' bank accounts, more jobs and opportunities for American workers, more Americans feeling hopeful about their future.…
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