Press Release
☷By the Numbers U S Economy Adds Over 275 000 Jobs in February Exceeding Expectations
U.S. Department of Commerce ( By Press Release office)
Mar 10,2024
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The U . S . economy is doing really well , with the GDP remaining strong and wages and personal income continuing to rise . According to the U . S . Labor Department , over 275 , 000 jobs were added in February , which is way more than expected . Since President Biden took office , almost 15 million jobs have been created and unemployment has stayed below 4 percent for the longest period in over 50 years . This is a big deal and shows that Bidenomics is working . The Commerce Department also reported that the GDP grew by 3 . 2 percent in the fourth quarter of 2023 , and personal income increased by $233 . 7 billion in January . Wages are also going up , with average hourly earnings increasing by 1 . 4 percent . President Biden is focused on creating more American jobs and improving the economy for everyone . For more details , you can check out President Biden ' s statement on the February Jobs Report .
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