[Congressional Record Volume 164, Number 125 (Wednesday, July 25, 2018)]
[House]
[Page H7171]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1215
                   NEW MEXICO UNEMPLOYMENT RATE DOWN

  (Mr. PEARCE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. PEARCE. Mr. Speaker, in June, New Mexico's unemployment rate 
ticked down to 4.9 percent. This is the first time the State's 
unemployment rate has gone below 5 percent since September of 2008. And 
just for perspective, one year ago, in 2017, the unemployment was at 
6.1 percent.
  When we passed the Tax Cuts and Jobs bill, New Mexico didn't 
immediately feel the results, but now people are being filled with 
confidence, businesses are hiring, they are expanding, and people are 
going back to work.
  But an even more remarkable development was the right to export our 
oil. Two counties in New Mexico are driving a surplus that is causing 
America to extend above and beyond where Saudi Arabia is currently 
producing. We are on track to become number one. That is after decades 
of saying that we had reached peak oil in the country.
  When we release the ingenuity of the American worker, America can 
compete with anyone. These things are happening. America is better off 
today because of what we have done here in Congress as the Republicans.

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