(dramatic cinematic music)
- When the July jobs numbers came in,
they provided more goodnews for the US economy.
Unemployment now stands at 3.9%.
Four percent is consideredfull employment,
because people are always in between jobs.
What it means is
that anyone who reallywants a job in the US,
can likely find one.
Well, joining us withmore is Alfredo Ortiz.
Mr. Ortiz is the CEO ofJob Creators Network.
First, Mr. Ortiz, what did you think
of the latest jobs numbers?
- Gary, I have to tell you, first of all,
thank you for having me.
We couldn't be more excitedas Job Creators Network.
Optimism is at the highest levels ever,
and the 3.9% unemploymentshows that the tax cuts
are working for the Americanpublic and for our businesses,
whether you're a smallbusiness, medium business,
or a large business, it's working
and we're excited to seethese numbers that we are.
And by the way, these are historic lows
across every single demographic,
whether it's White,Black, Hispanic, Asian,
these numbers are working for everyone.
- Now critics say thenumbers were disappointing
because only 157,000 new jobs were added.
Why the slow down?
Are they on to something there?
- Well, no, what we're seeing is,
really for the first time also in history,
we're seeing that thereare more jobs available
than there are actuallypeople to fill them.
The biggest thing that we're seeing
is that there now is really a skills gap,
and I think that's what'sactually coming down here.
There was never really a wagegap in this country, really.
But there was really a skills gap,
and I think that's whatemployers are starting to see.
But the good news is,there's a term called
the U-6 Unemployment Rate.
That one's actuallyreally, really critical,
'cause that picks up, first of all,
people who are frustratedwho stopped looking for jobs,
or were part-time thatwanted full-time jobs,
and those are actuallylooking much, much better.
Those rates are really low,
which means that more of the people
who normally traditionallywere kind of on the sidelines,
they're coming back into the labor force,
and we're really excited to see that.
- Well, where are most of the new jobs
being created right now?
What sector of the economy?
- Yeah, that's a great thing.
That's also another exciting thing
that we're seeing.
We're seeing that growth inthe sectors that, frankly,
the previous administrationunder the Obama administration,
they said those jobs were gone.
These are manufacturing jobs,
construction jobs, mining jobs.
There are about a millionof those jobs performed,
and so, we're real excited.
And when you look atthat kind of job growth,
3.5 million new jobs created, really,
since President Trump took office,
and these are the jobs,a million or so jobs that
frankly, the previous administration,
again, President Obamasaid those jobs were gone.
We're excited to see those back,
'cause these are hardworking,
middle-class American type jobs that,
frankly, we need more of in this country.
- And where, specifically, in the country,
what states are we seeingthe biggest growth?
- The exciting thing is,
we're seeing growth, forexample, in West Virginia.
I was actually at a stopwith the Vice President
just a couple weeks ago inWheeling, West Virginia.
That optimism was sky-high.
The room full of people there
were excited about the jobs coming back.
We're talking coal, we're talking steel,
again, a lot of jobs thatwere previously thought
to have been almostnon-existent in this country,
those are all coming back.
And of course, constructionis at an all-time high,
and business investmentis at an 8% growth rate
versus previous year.
We hadn't seen those kinds of rates
in reinvestment in businessin a very, very long time.
- And it seems that peopleare more optimistic now
about jobs and the economy.- That's right.
- Now, tightening borders
and this crack-down on illegal immigrants,
is that good for employers,
or does it create a void in the workforce?
- I know a lot of folks say
that there is a void in the workforce
because of that, but at the end,
we need to work on border security.
It's extremely important,
not really only just froman immigration standpoint,
but really in terms ofthe whole opiod crisis,
and what that's doingto our country today.
That is a true reallyattack within our borders
that's coming from theChinese across the board,
and that's really hurtingour American workforce.
A lot of my members who are employers,
small or medium-sized employers,
they're saying that partof the biggest problem
they're having issues with,
trying to find goodemployees that are qualified,
is actually those thatactually pass a drug test.
And so, this is very concerning.
We really gotta address that issue,
and I think border security
is one of the primary ways of doing that.
- Now what about the argumentthat immigrants take jobs
that most American's don't want,
like farm work, otherlower-paying manual labor jobs?
- Right now, what we know
is that there are more jobs available
than there are people to fill them,
so frankly, from an American workforce,
we know that there are jobs available
for every single personthat actually wants a job.
So, we usually don'ttry to get into issues
related to that, but I willtell you that right now,
there are people out thereready to fill these jobs,
but we do have to make sure
that they've got the right skill sets,
and I think one of the recent things
that President Trump just announced,
through the Department of Labor,
working with Ivanka Trump,
is basically an opportunityfor people today
to have those skill sets.
Unfortunately, Gary, overthe past several years,
especially under the Obama administration,
over a trillion dollarswas put behind student debt
Our youth of today, got into this debt
because they were told
that the only way you canbe a success in this country
is if you have an advanced degree.
I love advanced degrees,I have an advanced degree,
but I will tell you, thereare a lot of people out there
who don't want them, don't need them,
and would be very, very happy having
a great paying job as an HVAC technician,
or a plumber making $65,000a year with no debt.
And we've gotta make surepeople understand that.
- Lotta great trade schools out there.
- Oh yeah.
- And what do you expectmight happen then,
finally wrapping this up.
What may happen in the months ahead,
continued growth and expansion,
or do ya think things'llstart cooling down a bit?
- I think we're gonnacontinue to see great growth.
The one thing that we're doing...
This is not a one-time kind thing,
where you're boosting the economy with
some kind of infusion ofcash into the economy.
This is basically anoverall shift in the way
we view the economy, in theway we view regulations.
Our small business owners used to tell us
that overregulation, overtaxation,
the lack of access to capital and credit
were the three main thingsthat were keeping them behind.
The president and this administration
has tackled all three of those.
We're very excited to see it,
so were' gonna continueto see that growth,
because the environment has changed.
But I will tell ya, inNovember, what is at stake,
is the prosperity thatwe are seeing today,
or the lack of prosperity that we saw
in the eight years underthe Obama Administration.
- Well, I think many Americansare hoping this Fall,
they'll get a few more crumbs,as Nancy Pelosi refers to it.
- (laughing) Yeah that.- Tax cuts
- that's right. That's right.
- Okay, Alfredo Ortiz, CEOof Job Creators Network,
thanks so much for joining us today.
- Thank you very much