July 3, 2025, Fairfax, Va.—Americans for Limited Government Executive Director Robert Romano today issued the following statement in response to the latest jobs numbers by the Bureau of Labor Statistics:
“The unemployment rate dropped to 4.1 percent in June in a pleasant surprise following yesterday’s weak jobs numbers from ADP. This is great news for Americans who are just making their start or who are raising their families and shows the resilience of the U.S. economy following the inflation wreckage of the Biden administration. While time will tell if we are seeing a shift in labor markets towards further expansion, if so, the thing to watch going forward will be inflation, with more workers boosting demand as has been the case historically. Two things can help keep inflation in check: reducing demand or increasing supply. That is another reason the One Big Beautiful Bill Act can be helpful on the supply side by facilitating increases in production, including with 100 percent factory expensing for making products in America and incentives to boost energy and agricultural production, not to mention fostering the AI and robotics revolution, all the while mitigating long term risks to the economy if and when there’s a turn for the worse.
“Lower prices and lower unemployment mean more wealth creation for Americans, who are already benefiting from rising wages and incomes following President Trump’s historic reelection, which will help to facilitate savings and investment. We need to keep that going but nothing lasts forever. The results of the jobs report likely will temporarily forestall interest rate cuts by the Federal Reserve as it continues waiting for unemployment to pop. But hopefully lifting the debt ceiling creating more room in treasuries markets and Congress enacting tax law certainty, plus a few trade deals, can further bolster confidence the U.S. is meeting all of its obligations, temporarily strengthening the dollar and helping interest rates to come down on a market basis. Controlling inflation as labor markets continue expanding by incentivizing production boosts needs to be the focus right now.”
For media availability contact Americans for Limited Government at media@limitgov.org.
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