Economists were predicting 200,000 jobs were created last month.
Fortunately, they were wrong.
The numbers in the March jobs report showed approximately 303,000 positions created and a drop in the unemployment rate to 3.8 percent.
It is the 26th straight month where unemployment has been below four percent. Historically, the last time this trend occurred was during the 1960s when Democrats John Kennedy and Lyndon Johnson were the economic stewards of the nation from January 1961 to January 1969.
Since Joe Biden's inauguration, 15 million jobs have been created. That is a record for any American President's first term.
Bidenomics appears to be going strong.
Reacting to the jobs report, President Joe Biden issued a statement that read:
"Today’s report marks 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 15 million jobs created since I took office. That’s 15 million more people who have the dignity and respect that comes with a paycheck.
My plan is growing the economy from the middle out and the bottom up, investing in all Americans, and giving the middle class a fair shot. Unemployment has been under 4% for the longest stretch in more than 50 years. Wages are going up. Inflation has come down significantly.
We’ve come a long way, but I won’t stop fighting for hardworking families. I’m taking action to lower costs, from bringing down the price of insulin and inhalers and prescription drugs, to eliminating junk fees. I’m calling on large corporations to pass along their record profits to consumers. And I’ll continue to stand against Congressional Republicans’ efforts to cut Social Security, Medicare, and Medicaid and to enact massive tax giveaways for the wealthy and big corporations."
Of course, the Biden/Harris Campaign welcomed the positive economic news with a series of press releases.
Biden-Harris spokesperson Lauren Hitt commented:
“President Biden inherited the worst economy since the Great Depression from Donald Trump because Trump only cared about one job: his own. Trump spent his term handing out tax breaks for the super-wealthy and corporations at the expense of the middle class. Since then, the President has created more than 15 million jobs, driven unemployment to historic lows, and supported record small business growth. While President Biden is growing the economy from the middle out and working to lower costs for Americans, Trump is running to cut Social Security and Medicare and push through another tax giveaway for the super rich and big companies.”
The campaign also issued a release, citing a report from the Washington Post, reminding readers that Trump, because of his policies, especially during the Coronavirus Pandemic, had the worst job record since economists have tracked these trends since 1939.
The Campaign also released another statement, mocking Trump and his supporters for continually asking "Are you better off now than you were four years ago?"
Is this a trick question?
Four years ago, the country, thanks in part to Trump's disastrous mishandling of the Coronavirus pandemic, was economically paralyzed with unemployment rising to 14.7 percent.
The nation has taken a turn for the better in terms of job creation and economic growth. Inflation has fallen.
Numbers do not lie.
Donald Trump often does.
Voters will have to decide in November what they believe and what kind of economy and country they want to live in.
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