Jobs, Jobs, Jobs
The most recently released economic report says that the country added 248,000 jobs to the workforce in September. While that number suggests the state of the economy appears to be moving in a positive direction, the unfortunate reality is that the labor force participation rate has dropped to a staggering 62.7%, the lowest since the Carter Administration in 1978.
What does this mean? It means Americans across the country have become so discouraged with the economy; they have given up looking for working completely. If that wasn’t bad enough, 72% of the American people do not believe the recession has actually come to an end. Ronald Reagan famously said, “A recession is when your neighbor loses their job; a depression is when you lose yours.” Right now, too many Americans across the country are struggling to find work.
The fact is this: when there is an increase in job creation, it is in spite of the Obama Administration’s policies, not because of them. 7 of the top 10 states with the most job growth between July and August 2014 were led by Republican governors. Florida was number 2, adding 22,700 jobs during that period.
The economic success and job creation in these states can be attributed to policies that encourage the creation of small businesses and increases in the manufacturing industry. Reducing overly-burdensome regulations, enacting a pro-growth tax policy, and allowing the private sector to create jobs are working.
In the past year alone, Florida has created over 41,000 jobs in professional and business services and over 6,700 jobs in the manufacturing industry. America was a country built on innovation. The economic progresses made by Republican-led states, like Florida, demonstrate that the American dream is still within reach. Chronic unemployment is not the new normal. With common sense solutions, we can, and we will, get America working again.