Statement on the Employment Situation in March

 

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