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Congressman Cole: President's Economic Plan Working, 308,000 Jobs Added

April 2, 2004
Press Release

Washington, D.C. – Today, the Bureau of Labor Statistics (BLS) announced that 308,000 jobs were created in March and that U.S. payrolls grew at the fastest pace in nearly four years during this past month.

"I truly believe that this good news is a direct impact from the President's sound economic policies. The tax cuts of 2001 and 2003 are helping small businesses and other job creators hire new workers. The astounding number of jobs created in March along with the many other economic indicators show that our economy is making a rebound," Congressman Cole said.

The increase in jobs for March far outreached economists' predictions, who on average had expected 123,000 new jobs for March. This good news comes the day after it was reported the country’s manufacturing sector had grown for the month of March due to increased orders and production. 

"Our economy is growing, but there is still more work to be done. I believe we must ease fears of future tax hikes by making the 2001 and 2003 jobs and growth tax relief measures permanent. Entrepreneurs plan for the future, and they act based on likely future events. By making the tax credits permanent they will be able to confidently continue to hire additional workers," Congressman Cole said.