President Joe Biden celebrated the latest jobs report Friday, claiming that the 678,000 jobs the country added in February show that his “plan to build an economy from the bottom up and the middle out” is working.
Biden claimed in a statement that the 7.4 million jobs added since he entered office are “providing families with dignity and a little more breathing room” and is evidence his economic policies “are building a better America.”
ECONOMY CRUSHES EXPECTATIONS WITH 678,000 JOBS ADDED IN FEBRUARY AS PANDEMIC WANES
The latest Bureau of Labor Statistics figures outperformed projections by nearly 300,000 jobs added last month, dropping unemployment to 3.8%, the lowest rate since early 2020. Biden noted in his statement that on top of labor gains in the leisure, hospitality, construction, and retail sectors, the rolling 12-month average saw the “best year for manufacturing jobs and trucking jobs since 1994.”
“This progress is the result of the new economic approach I talked about in the State of the Union — grow the economy from the bottom up and middle out. And it’s a result of our success combatting COVID-19 and moving forward safely,” the president wrote. “While we must tackle head on the challenge families are facing with rising costs, today’s report underscores that the United States is uniquely well positioned to deal with the challenge that inflation has posed across the world as we recover from the pandemic.”
Still, Biden’s approval ratings remain underwater, including his stewardship of the economy and plans for addressing inflation.
He claimed during his State of the Union address Tuesday evening that he plans to combat rising prices, specifically at the gas pump, by “building a better America” and surging the domestic production of critical technologies and other goods.
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Inflation hit 7.5% for the 12-month period ending in January, marking the highest price increases since the Carter administration.
