News Statement of the Carranza SBA Administrator's Job Report January...

Statement of the Carranza SBA Administrator’s Job Report January 2020 – Los Angeles Sentinel Los Angeles Sentinel


The Small Business Administration Administrator, Jovita Carranza, today issued the following statement in response to the Labor Statistics Bureau Employment Situation Summary for January. According to the direct release, 225,000 new jobs were created in January, and the employment rate increased slightly to 3.6 per cent due to the labor force participation rate which increased to 63.4%. The report on two reports published this week reveals the University’s new demands without unemployment falling 15,000 to 202,000 – low 50 years – while private payrolls increased by 291,000 in January, the largest increase in almost five years. . Administrator Carranza said:

“Today’s job descriptions for 30 million small businesses in America welcome news. Small businesses are investing, expanding and creating new jobs, and as a result Americans are less well-off suffering from economic upward movement. Income imbalance is declining and wages are rising fastest among workers left behind, historically including low-income women, African Americans and Latinos. Small businesses remain very optimistic about the future, primarily due to the success of this Administration in lowering the cost of taxes and regulations, opening new export markets, and promoting innovative care solutions. health and workforce development. Today’s news confirms that the President’s policies are in the interests of small businesses and helps more Americans to climb the economic ladder. ”

“As well as harnessing a strong labor market, historically disadvantaged groups are starting their own business at high rates,” said Michael Vallante, Associate Administrator of the Office for Field Operations, overseeing the 68 area offices and nine Regional Administrators; and Regional Administrator for Region IX, overseeing the agency’s programs and services in California, Arizona, Nevada, Hawaii and Guam. “The network of SBA resource partners supports entrepreneurs to start and expand their business through free counseling, low cost resources, or business loan guarantees. We are inviting all entrepreneurs to contact us. ”


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