Chairman Yarmuth on August Jobs Report
WASHINGTON, D.C. – Today, after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 235,000 in August and unemployment dipped to a pandemic-low of 5.2%, Kentucky Representative John Yarmuth, Chair of the House Budget Committee, released the following statement:
“Today’s jobs report shows that our economy is growing, but additional support is needed to spur and sustain these gains,” Chairman Yarmuth said. “In August, more jobs were created, and more people remained employed—showing durable growth. Wages continued to rise, particularly among lower-paid workers, and the unemployment rate fell to a pandemic-low. These are all good signs. But we cannot expect our economy to reach its full potential when the needs of our communities go unmet.
“With the Build Back Better Act, Democrats will deliver historic and long-overdue investments to address deficits in our society and meet the needs of the American people. These transformational investments in child care, infrastructure, education, health care, climate crisis mitigation, and more will create millions of good-paying jobs, lower costs for families, and firmly establish the United States as the leader in the global marketplace – all while delivering one of the largest tax cuts ever for hard-working families.
“By investing in the American people and their potential, we can secure a stronger, more prosperous, and more inclusive economy for years to come.”
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