The jobs report for April, 2017 shows decent but not spectacular progress, says the Competitive Enterprise Institute's Iain Murray. Though the economy added 211,000 jobs in April and unemployment dipped to its lowest level since May 2007, regulatory reform is desperately needed to make a bigger impact.
Statement by Iain Murray, CEI Vice President for Strategy
The jobs number is decent but still falls far short of what is needed to provide a real boost to the economy. For that to happen, the President and Congress need to get on with the job of deregulation, lifting the burden of onerous rules off the backs of employers and their sources of capital, allowing old businesses to hire, new businesses to start, and banks to fund entrepreneurs that have the next big idea.