WASHINGTON, DC – Jason Furman, Chairman
of the Council of Economic Advisers, issued the following statement today on
the employment situation in February.
Summary: The economy added
242,000 jobs in February, extending the longest streak of private-sector job
growth on record.
The robust pace of job creation continued in February as
the unemployment rate held at its lowest level since February 2008 and labor
force participation rose. Over the past two years, our economy added more
private-sector jobs than in any two years since 1999. While these trends speak
to the strength of the labor market recovery, and while wages have grown faster
than inflation over the last year, more work remains to drive faster wage
growth, including investing in infrastructure, implementing high-standards free
trade agreements like the Trans-Pacific Partnership, and raising the minimum
wage. As discussed in the 2016 Economic Report of the President, these policies are key parts of the President’s agenda
for inclusive growth and would help ensure that the benefits of economic growth
are shared with all Americans.
The complete statement can be viewed here.
Source: The White House, Office
of the Press Secretary
President Obama Statement on February Jobs Report
President Obama speaks to reporters about the February jobs report
released today by the Bureau of Labor Statistics, which shows the
unemployment rate at 4.9 percent.
Click here for video.
Source: C-Span
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