STATEMENT: CAP Economist Michael Madowitz on the March 2019 Jobs Report
Washington, D.C. — Center for American Progress Economist Michael Madowitz released the following statement today on the March 2019 Employment Situation figures from the U.S. Bureau of Labor Statistics:
After last month’s disappointing jobs report, it’s a relief to see that the labor market continues to hold momentum in the face of headwinds from the Trump administration and the global economy. While the path forward looks less worrisome than it did a few months ago, the Trump administration continues to threaten continued growth with erratic policy moves such as threats to close the U.S.-Mexico border and plans to further undermine the Federal Reserve by nominating profoundly unqualified, political cronies to the Fed’s Board of Governors.
Maintaining the status quo is an underwhelming return on a trillion-dollar tax cut—which, the American people were told, would produce an investment and jobs boom like never before. More than a year later, we have yet to see indications of a long-term benefit to our broader economy.
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