On the recordMay 7, 2019
the performance of the U.S. economy is something to behold. It doesn't matter if you measure it by the unemployment rate, by the quarterly growth rates, or by wages, virtually every sign points to a growing thriving economy. Let me emphasize some of the outstanding job numbers that came out just last week. In April, there were 263,000 new jobs created-- 263,000--beating even the most optimistic estimates. The unemployment rate fell to 3.6 percent--the lowest unemployment rate in nearly half a century. The first quarter saw a 3.2 percent growth, the best in 4 years. The truth is, the United States' economy has taken off like a rocket. Today we find ourselves in what some economists refer to as a ``full employment'' economy, because there are more job openings than there are job seekers. That is a remarkable place to be, and I have no doubt that it is in significant part due to the pro-growth policies created by a Republican-led Congress and the Trump administration the last 2 years. Less than 1\1/2\ years ago we passed the Tax Cuts and Jobs Act. We tried to make this a bipartisan effort, but our Democratic friends wanted no part of it. This was the first major tax overhaul in a generation. This legislation removed many of the burdens from families, entrepreneurs, and job creators and let the free market take the wheel. A lot of pundits and a lot of the naysayers--the professional cynics--said it wouldn't work, but I think the results speak for themselves.…
Source
govinfo.gov




