President Joe Biden touted Friday's strong job report as proof his economic plan is 'working' after a series of underwhelming returns, and vowed to tackle record inflation and rising prices head on as the U.S. begins to emerge from the pandemic.
678,000 jobs were added in February and the jobless rate fell to 3.8%, the Labor Department said Friday, signs of a robust labor market. The number was higher than expected and is pushing the labor market to maximum employment.
'Today’s report shows that my plan to build an economy from the bottom up and the middle out is working to get America back to work. Since I took office, the economy has created 7.4 million jobs. That’s 7.4 million jobs providing families with dignity and a little more breathing room. We are building a better America,' Biden said in a statement.
...
There are nearly two jobs available for every person 'on
unemployment'. As of the end of February, there were
nearly 11,000,000 UNFILLED job openings in the country.
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