PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Kerrigan: August Jobs Data Underscores Need for Substantive Tax Reform and Other Policy Improvements

By at 1 September, 2017, 10:31 am

NEWS

FOR IMMEDIATE RELEASE

Washington, D.C. – Today the Bureau of Labor Statistics reported that the number of jobs increased by 156,000 in August. The unemployment rate is 4.4 percent.  Job gains for June and July were revised down by 41,000.  Small Business & Entrepreneurship Council president & CEO Karen Kerrigan issued the following statement regarding the employment report:

“It is always a good thing to see employment gains, and the steady increase in new jobs for August is positive.  A key bright spot is the increase in manufacturing jobs, where the 36,000 uptick is the fastest monthly gain in five years. Still, the economy requires stronger job creation which underscores the need for real movement on pro-growth policies such as tax reform, fixes to Obamacare to provide some relief from crushing health coverage costs, and continued progress on regulatory changes for small businesses.  Congress and President Trump must work together and focus on these broad reform efforts and put into place substantive changes in 2017 to encourage more quality job creation, entrepreneurship, small business growth and private investment.”

See SBE Council chief economist Raymond Keating’s analysis of the August jobs report here.

CONTACT: Karen Kerrigan, Raymond Keating

kkerrigan@sbecouncil.orgrkeating@sbecouncil.org

(703)-242-5840 

SBE Council is a nonpartisan, nonprofit advocacy, research and education organization that works to protect small business and promote entrepreneurship. For nearly 25 years SBE Council has successfully worked to implement a range of policy and private sector initiatives to strengthen the ecosystem for startups and small business growth. To learn more, visit SBE Council’s website: www.sbecouncil.org.  Follow on Twitter: @SBECouncil

# # #

News and Media Releases