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You are here News Economy Biden hails ‘America’s comeback’ as 303,000 new jobs in March beat forecast

Biden hails ‘America’s comeback’ as 303,000 new jobs in March beat forecast

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Biden hailed new job growth numbers

The US workforce added 303,000 jobs last month, far more than expected and the 39th straight month of job gains in the US. The unemployment rate dipped to 3.8%.

Joe Biden hailed the report as “a milestone in America’s comeback”.

“Three years ago, I inherited an economy on the brink. With today’s report of 303,000 new jobs in March, we have passed the milestone of 15m jobs created since I took office. That’s 15 million more people who have the dignity and respect that comes with a paycheck,” he said.

Economists had expected the US to add 192,000 jobs for the month. Hiring has remained surprisingly strong despite the Federal Reserve’s attempts to cool inflation by raising interest rates.

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