Labor Secretary: ‘This Was a Very Good Jobs Report’
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US Department of Labor(WASHINGTON) — Labor Secretary Tom Perez is pleased with February’s jobs report.
“This was a very good jobs report. Last year was the best year of job growth since the late ’90s and the first two months of this year are continuing that momentum,” he said.
The Labor Department reported Friday morning that 295,000 jobs were added to the U.S. economy in February, exceeding economists’ predictions.
“We haven’t had 12 months straight of 200,000 plus job growth in decades. We now have had 60 months in a row of private sector job growth,” Perez said.
The unemployment rate also fared better than expected, dropping to 5.5 percent.
Perez said it’s a great sign for the economy. “The wind is at our back. There’s undeniable unfinished business, but a year ago the unemployment rate was 6.7 percent. Now it’s 5.5 percent and so we’re moving in the right direction,” he added.
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