Statement by Acting Secretary of Labor Su on March jobs report

WASHINGTON – The U.S. Acting Secretary of Labor Julie Su issued the following statement on the March 2024 Employment Situation report: 

“Today, the Bureau of Labor Statistics reported that the American economy added 303,000 jobs in March, and the unemployment rate ticked down to 3.8 percent. This report once again demonstrates steady growth and a strong labor market with a three-month average of 276,000 in job gains. The jobless rate has been below 4 percent for the 26th month in a row — the longest stretch in more than 50 years. 

“This is a strong jobs report for workers. Since President Biden took office, more than 15 million jobs have been created, and we’re seeing those gains across industries — from construction which gained 39,000 jobs this month to local education which added 18,000 jobs in March — and recovered to pre-pandemic levels. People across the country are also feeling these gains with average hourly earnings up 4.1 percent over the year. 

“President Biden came into office with a plan to grow our economy from the middle out and the bottom up. Month after month, the jobs reports during the Biden-Harris administration have shown strong progress to realizing that vision—a vision where all of America’s workers can get a good job and find a solid place in the middle class. Our work is far from over, and we will remain focused on creating equitable growth that fuels gains for all of America’s working people.”