WASHINGTON – U.S. Secretary of Labor Lori Chavez-DeRemer issued the following statement regarding the August 2025 Employment Situation Report:“After a successful Labor Day weekend where we saw gas prices hit their lowest point in five years, this report shows working-class Americans are also benefiting from strong and consistent hourly wage growth, which is up nearly four percent. The price of goods has increased globally over the past year, but the U.S. is bucking that trend with lower inflation thanks to the return of America First leadership. President Trump’s historic Working Families Tax Cut will ensure the American worker can keep even more of their hard-earned money moving forward. “Additionally, second-quarter GDP smashed many economists’ expectations, demonstrating strong growth and resilience. All job growth this year has been in the private sector among native-born Americans.“Despite all these positive signs for our economy, the Fed is failing American workers by dragging its feet and refusing to lower rates. As I travel the nation on my America at Work listening tour, I often hear frustration in the voices of entrepreneurs and business owners. President Trump was right before, and he is right again – it is past time for the Fed to act.”