The Department of Labor’s March jobs report shows that the GOP tax cuts and regulatory relief are continuing to have positive effects on the U.S. economy.
The U.S. economy added 196,000 jobs in March. Year over year wage gains have continued to grow at 3.2 percent. March’s report shows that the economy has added approximately 525,000 jobs so far in 2019, and over 5.5 million jobs since President Trump took office.
The labor force participation rate is also holding strong at 63 percent. This is a stark contrast to the 40-year lows the labor force participation rate hit under the Obama Administration.
The healthcare industry saw 49,000 new jobs added in March, while professional and technical services added 27,000 new jobs. The construction industry also added 16,000 new jobs.
The March jobs report shows that the labor market is roaring back after a fluke jobs number in February. The new growth is yet another sign that the Republican Tax Cuts and Jobs Act is benefiting the working class with higher wages and more job opportunities.