Pat Tiberi (R-OH), chairman of the Joint Economic Committee, today issued the following statement regarding the employment report for March 2017 by the Bureau of Labor Statistics:
“The headline number of this jobs report is disappointing; the economy clearly should be generating higher job growth. However, the unemployment rate fell to the lowest rate since before the recession.
“The findings of Wednesday’s Joint Economic Committee hearing on the disparate recovery and declining opportunity reaffirmed that we need to repeal burdensome regulations and overhaul our outdated tax code to give job creators the freedom and flexibility they need to grow and hire to drive our economy forward.”
Note: Today’s report from the Bureau of Labor Statistics indicates that the U.S. economy added 98,000 nonfarm payroll jobs in March and the unemployment rate dropped from 4.7 to 4.5 percent. The labor force participation rate held steady at 63.0 percent.