Commentary: Republican Tax Cut Bill Will Boost the Labor Market

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Job creation and wage growth exceeded expectations again as the U.S. economy and labor market remain solid thanks to President Trump’s pro-growth, pro-energy policies. Friday’s jobs report showed 139,000 jobs were created last month, and the unemployment rate stayed at 4.2%.

Small businesses and the private sector were responsible for these new jobs, with substantial gains in the leisure and hospitality sector and more declines in federal government positions. That’s a stark contrast from last year’s labor market, which was propped up by nearly 500,000 government jobs. Small businesses are confident and staffing up for summer.

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