WASHINGTON,
DC – Jason Furman, Chairman of the Council of Economic Advisers, issued
the following statement today on the employment situation in March.
Summary:
The economy added 215,000 jobs in March, extending the longest streak
of private-sector job growth on record, as labor force participation
rose.
The
robust pace of job creation continued in March as labor force
participation rose for the fourth consecutive month and hourly wages
increased. The private sector has now added 14.4 million jobs over 73
straight months of job growth, the longest streak on record, and wage
growth has accelerated over the past year. While these trends speak to
the strength of the labor market recovery, more work remains to drive
even faster wage growth, including investing in infrastructure and job
training, implementing high-standards free trade agreements like the
Trans-Pacific Partnership, and raising the minimum wage.
You can view the complete statement here.
Source: The White House, Office of the Press Secretary
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