Pres. Biden: 'People are making more money, they’re finding better jobs, and after decades of being mistreated and paid too little, more and more American workers have real power now to get better wages.'
The president commented on the 431,00 jobs that were created in March and touted successes of the American Rescue Plan.on Friday while also acknowledging the financial hardships currently intensified by the war in Ukraine.
"Americans are back to work," Biden said from the White House."Record job creation. Record unemployment decline. Record wage gains."President Joe Biden speaks about the March jobs report in the State Dining Room of the White House, April 1, 2022, in Washington.Bureau of Labor Statistics"Even though we created a record number of jobs we know -- I know that this job is not finished. We need to do more to get prices under control.
Though the March report came in slightly below economists' expectations, the numbers for January and February were revised higher to show 95,000 more jobs added in those months.President Joe Biden delivers remarks on the March jobs report, during a speech in the State Dining Room at the White House in Washington, April 1, 2022.
The report also showed that notable job gains continued in leisure and hospitality, professional and business services, retail trade and manufacturing.The labor force participation rate, or the number of people in the economy looking for work, is inching almost back to where it was before the pandemic. As employees head back to the office, teleworking fell to 10% from 13% the previous month.A"Now Hiring" sign hangs above the entrance to a McDonald's restaurant on Nov.
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