Washington, D.C. – Friday’s report shows that my plan to build an economy from the bottom up and the middle out is working to get America back to work. Since I took office, the economy has created 7.4 million jobs. That’s 7.4 million jobs providing families with dignity and a little more breathing room. We are building a better America.
In February, the economy created 678,000 jobs, following the greatest year of job growth in American history and the fastest economic growth in almost 40 years. The unemployment rate ticked down to 3.8 percent.
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.
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.