The Economy Is Booming After Another Strong Jobs Report

Happy Jobs day! This morning's economic report showed, yet again, a robust American economy led by the Biden Administration. The economy added another new 275,000 jobs in the month of February as the hiring boom continues in America. This number is up from the 229,000 jobs added by the economy in February and rivals the 290,000 jobs added in December. 

In addition, the unemployment rate came in at 3.9% which marks two years of the unemployment rate being below 4%. This is in stark contrast to the country President Biden inherited where unemployment ran rampant during the COVID-19 pandemic. 

Finally, wages continued to rise relative to inflation at 4.3% with inflation being at just 3.1%, much lower than the inflation rate Biden inherited from his predecessor. All in all, the Biden Administration's policies continue to work to lower costs for American families and to create more jobs.