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Getting America Back to Work

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Washington, October 19, 2018 | Pete Larkin (540-857-2672) | comments
Due to the resolve of the people and regulatory reform instituted by this administration, Americans have grabbed hold of opportunities to create better jobs, increase their paychecks, and keep their hard earned money.
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Congress has been diligently working on issues that not only matter, but are vital, to the American people. With critical work to be done, the 115th Congress has been setting records. Nearly 1,135 bills have been passed out of committee, which is 343 more than the average. The House has passed 1,011 bills, that is 279 more than the average. These bills included the implementation of massive tax cuts and the roll back of many unnecessary regulations. These changes have led to a booming economy and job market and many Americans report finding better, more rewarding job opportunities.

This country was built by hardworking, determined, and opportunistic individuals and now these characteristics are engrained into the fabric of our nation and its citizens. Due to the resolve of the people and regulatory reform instituted by this administration, Americans have grabbed hold of opportunities to create better jobs, increase their paychecks, and keep their hard earned money. Currently, worker pay rates are at the highest level since 2008. It is projected that the average hourly earnings rose 2.8 percent in September and 90 percent of wage earners are seeing higher take home pay.

Such success has been felt throughout the job market. Since 2016, 3.7 million jobs have been created. Private companies added 230,000 new positions in September alone. Large businesses added nearly 75,000 new hires, while businesses with between 51 and 499 employees added the most by size, with more than 99,000 new hires. In August, the total number of people seeking employment stood around 6.2 million, meaning that for the first time since 2000 there were more job openings than there were those who were unemployed, with 6.7 million job openings nationwide. Lastly, unemployment is down to 3.7 percent, its lowest level in nearly 50 years.

These victories aren’t just being felt in large cities. In the Sixth District’s Shenandoah Valley in 2017, approximately 2,000 new jobs were created. Unemployment in the region was below the national average, sitting around 3.4 percent. Further, the area’s Gross Regional Product in 2017 was over $14 Billion, a 2 percent increase from 2016. Also, thanks to tax reform, over the next 10 years, economic projections forecast thousands of additional new jobs will be created in Virginia.

While these numbers are impressive, it is important to recognize the spirit of optimism that is spreading across the country. Seventy percent of Americans say the economy is “good or excellent”, 65 percent of Americans believe now is a good time to find a quality job, and there has been an 11.4 percent increase in confidence among lower-income Americans since February 2018. For far too long hardworking Americans have been held back by burdensome and unnecessary red tape and now those regulations are being overturned. Americans are responding by building up businesses and industries with their strong work ethic, investing additional income in their homes, education, and retirement plans, and participating full throttle in achieving their version of the American dream.
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