Alexander Highlights April Jobs Number for Tennessee

12,500 New Jobs Created in Tennessee In April

Posted on May 19, 2006

WASHINGTON, D.C. – U.S. Senator Lamar Alexander (R-TN) issued the following statement today highlighting the newly-released report from the Bureau of Labor Statistics report which shows that Tennessee had one of the largest monthly increases in the nation as a percentage of the state’s workforce (0.5 percent) – with 12,500 jobs created from March 2006 to April 2006: “The Bureau of Labor Statistics has released its report on state job numbers for the month of April, and it has some very good news for Tennessee. Our state added 12,500 new jobs from March to April, one of the largest monthly percentage increases in the country. “Today’s announcement comes during a week of good economic news. On Wednesday, President Bush signed into law the Tax Increase Prevention and Reconciliation Act, which will prevent a tax increase on millions of Americans – including over 425,000 Tennesseans, one third of whom make less than $50,000 a year. It does this by extending Alternative Minimum Tax relief and maintaining a low tax rate on capital gains and dividends. These low rates have helped to keep our economy growing. “We’ve had 32 straight months of job growth in our country. More than 5.3 million jobs have been created since August 2003. The nation’s unemployment rate is 4.7 percent – the lowest in nearly five years, and lower than the averages of the last four decades. More Americans are working today than ever before, and they have more opportunities for better jobs. Families in Tennessee and across America are benefiting from the pro-growth tax policies initiated by President Bush and Congress. “The way Congress can keep our economy strong is by keeping taxes low, exercising fiscal discipline and controlling the growth of federal spending. I look forward to working with my colleagues on other measures to promote economic growth and fiscal responsibility.”