President Joe Biden praised the March jobs data, which indicated the US added 431,000 new jobs in March and the unemployment rate fell to 3.6 percent, a new pandemic-era low.
"Americans have returned to work. And that's great news for millions of families who now have a little more breathing room and the dignity that comes with earning a paycheck, even if it's simply the dignity of working "In remarks from the White House, Biden said.
The President claimed that the new report from the Bureau of Labor Statistics, which was released on Friday, demonstrated that "our economy has gone from being on the mend to being on the march."
The report came as a relief to the White House, which is grappling with rising gas prices in the wake of Russia's invasion of Ukraine. The President has also had to cope with the pandemic's impact on record inflation, increased consumer costs, and global supply chain concerns. As many Americans become more concerned about their home finances, Biden's approval rating has fallen in recent months.
On Friday, the President reiterated that countering inflationary pressures remained a primary priority for his administration, and that decreasing the deficit would contribute in that effort. The President announced his fiscal year 2023 budget proposal earlier this week, claiming that his proposed $1.3 trillion decrease would be "the largest one-year reduction in the deficit in US history."
"Record budget deficits were caused by the previous administration's reckless actions and mismanagement," the President remarked.
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