Democrats Claim a Recession is Imminent, But the Facts Don’t Agree

WASHINGTON, D.C. – Next week the House Budget Committee will hold a hearing to examine what tools the federal government has in its toolbox to combat the negative effects of a recession. Democrats will continue to claim that a recession, or economic downturn, is imminent. However, they are mistaken. Thanks to pro-growth policies such as the Tax Cuts and Jobs Act, our economy is historically strong. Americans from all walks of life are seeing major benefits, including more jobs, higher wages, and increased take-home pay.

Just last week the U.S. Department of Labor released its monthly jobs report, which highlighted some of these milestones, including the lowest unemployment rate in 50 years.

Here’s what news outlets are reporting about our nation’s strong economy:

Hispanic unemployment fell to 3.9%, setting a record low, while black unemployment remained at a record low of 5.5%.” – CNN

The jobless rate fell …  to 3.5 percent, the lowest rate since 1969…” – Fox News

The cavalcade of payroll gains continued for the 108th month in September, pushing down the jobless rate to a half-century low…” – New York Times

Defying Skeptics, The September Jobs Report Shows Record-Breaking Strength In Employment” – Forbes

Average hourly earnings increased by 2.9% from a year earlier…” – Business Insider

Congress should be focused on actions to further strengthen economic growth and continue to improve the financial situation of hard-working families all across our nation.

To learn more about next week’s hearing, click HERE.

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