The numbers just keep getting better. Unemployment just matched a half century low, set all the way back in 1969. African American unemployment fell to 5.9 percent, the smallest difference between white and black unemployment since records were kept.
That’s not all! The economy added 223,000 new jobs in May, an even better spike than economists expected. As the job market improves, so does worker pay.
American average hourly wages rose by 0.3% in May, adding to a nearly 3% gain within the past year. And today, Costco announced that it would raise its minimum wage and increase pay for its 130,000 workers, crediting the GOP tax cuts for the decision. Amid all the good news, it’s no surprise American economic optimism is at a record high.
Will all this good economic news change any Democrat minds, or is the Tax Cuts and Jobs Act still “highway robbery?"
In the 10th District, Democrats were bent on rolling back tax cuts regardless of economic news.
• State Sen. Jennifer Wexton made her position absolutely clear: "I think the first thing we should to is try to roll back the tax cuts,” she said.
• Alison Friedman didn’t mince words either, saying that “Congress must address the abomination that is this tax bill."
• Lindsay Davis Stover said the tax cuts were actually a “tax increase.”
In the 2nd District, Democrats call lower tax bills a “tax scam.”
As you cover today’s economic news, please consider the following statement:
“How low does unemployment have to fall, and how high do wages have to rise, before Democrats simply admit they were wrong?” — Garren Shipley, RNC spokesman
Jobs, Wages and Unemployment