Unemployment Rate Matches Lowest Point in Half a Century
June 1, 2018
The unemployment rate has matched its lowest point in half a century.
The Labor Department reported Friday that unemployment fell to 3.8% in May. The economy added 223,000 jobs, better than economists expected.
Since 1969, the only other time unemployment has been this low was in April 2000.
Unemployment has fallen steadily since the Great Recession. It peaked at 10% in 2009.
Wages grew 2.7% in May compared with a year earlier. That was in line with expectations, and should keep inflation fears calm on Wall Street.
"The US economy has this incredible head of steam," said Josh Wright, chief economist at software firm iCIMS. He said workers were starting to feel the effects of last year's tax cut.
The job gains were broad. In April, the economy added 159,000 Read more
Speaker Ryan Meets With Conservative Leaders to Discuss Agenda
April 16, 2018
Speaker Ryan Press Office
This afternoon, Speaker Ryan sat down with a number of conservative leaders to discuss the congressional agenda for the months ahead. In particular, he thanked them for their efforts in passing the historic Tax Cuts and Jobs Act, which is already improving the lives of middle-income families. He also talked about the opportunity to make progress on workforce development policies to help more Americans rise out of poverty.
Attendees at today’s meeting included:
· David Christensen, Family Research Council
· Ryan Ellis, Conservative Reform Network
· Kay Coles James, Heritage Foundation
· Karen Kerrigan, SBE Council
· Michael Needham, Heritage Action
· Grover Norquist, Americans for Tax Reform
· Tim Phillips, Read more
Statement on Military Action Against the Syrian Regime
WASHINGTON—House Speaker Paul Ryan (R-WI) issued the following statement after President Trump announced military action against the Syrian regime:
“Tonight, the United States has taken decisive action in coordination with our allies. We are united in our resolve that Assad’s barbaric use of chemical weapons cannot go unanswered. His regime’s unconscionable brutality against innocent civilians cannot be tolerated.
“There should be no doubt that Russia and Iran have blood on their hands, and their partnership with Assad reveals the true nature of their regimes. The United States and our allies must continue to seek ways to hold Assad’s enablers accountable.
“Let us all pay tribute to the men and women of our armed forces.”
From Donald J.Trump:
DONALD J. TRUMP RESPONDS TO SPEAKER PAUL RYAN
“I am not ready to support Speaker Ryan’s agenda. Perhaps in the future we can work together and come to an agreement about what is best for the American people. They have been treated so badly for so long that it is about time for politicians to put them first!”
[ NOTE: Trump’s Statement was made in response to House Speaker Ryan’s recent statement that he is not ready to support him for President in the 2016 election. ]
Behind the rise of Paul Ryan.
Paul Ryan has come to Kenosha to deliver bad news. It’s May 3, 2012, and the United States faces an imminent debt crisis. The federal government is spending too much. Entitlements are out of control. Social Security is going insolvent. Medicare is sucking up an ever-increasing chunk of our tax dollars. There are too many retirees and too few workers to support them. And both political parties are responsible for the unholy mess.
Ryan, the seven-term representative from Wisconsin’s 1st Congressional District, speaks quickly, as if the coming collapse might happen in the middle of his remarks if he takes too much time. It’s a bracing message. He is saying, in effect, that the American experiment, our 236 extraordinary years of self-government, is on the verge of failure.
And yet Ryan is smiling. It’s not the phony grin of a politician seeking Read more