U. S. Congressman Pat Tiberi (R-OH), chairman of the Joint Economic Committee, today issued the following statement regarding the employment report for May 2017 by the Bureau of Labor Statistics:

 

“The unemployment rate hasn’t been this low since May 2001 and wages are rising. However, the slowing pace of job creation is a reminder that there is much work to do to achieve more rapid economic growth. We’ll continue working in Congress to encourage job creators to expand and hire by reducing the number of burdensome regulations that tie the hands of employers and updating the tax code. Americans deserve economic policies that expand opportunity for themselves and their families.”

 

Note: Today’s report from the Bureau of Labor Statistics indicates that the U.S. economy added 138,000 nonfarm payroll jobs in May and the unemployment rate is 4.3 percent. The labor force participation rate is 62.7 percent and the employment-to-population ratio is 60.0 percent.