Saturday, April 2, 2011

The March Employment Situation: 216,000 Jobs Gained

Today, the U.S. Labor Department announced that our economy added 216,000 jobs in March, marking 13 consecutive months of growth and totaling more than 1.8 million jobs created over that same period. The unemployment rate also fell to 8.8 percent, which is a full percentage point drop during the past four months and the steepest decline since 1984 over that same period.

Additionally, the Labor Department revised upward the number of jobs created during the previous two months, estimating that the private sector grew by 94,000 in January (from 68,000) and by 240,000 in February (from 222,000).

This news represents a positive trend that America’s economy is growing and creating jobs, but far too many people are still out of work and the pace of the recovery remains too slow. The policies enacted by President Obama over the past two years have created steady economic growth, a drastic change from the economy he inherited, which was shedding hundreds of thousands of jobs per month.

The President will continue supporting entrepreneurs and small businesses, collaborating with job creators to eliminate barriers to hiring, and fighting for families struggling to make ends meet.
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