Statement by U.S. Secretary of Labor Acosta on the March Jobs Report
WASHINGTON, DC – U.S. Secretary of Labor Alexander Acosta issued the following statement regarding the March 2018 Employment Situation report:
“The American economy remained strong in March. For the sixth month in a row, the unemployment rate was at a 17-year low of 4.1%. Steady job growth continued, with 103,000 jobs created in March. Since President Trump’s election, the American economy has added nearly 3 million new jobs. As we have seen in recent months, manufacturing and mining and logging in particular experienced significant gains. The unemployment rate among both adult men and adult women was 3.7%.
“Average hourly earnings in March rose by 2.7% over the previous 12 months, and the 3-month average increase in earnings is the highest since 2009. This trend is welcome news to American families. As job creators compete to hire American workers, we hope wage growth continues.
“President Trump’s tax reform continues to fuel economic growth as Americans see more money in their paychecks. Looking forward, Congressional action on the President’s infrastructure plan will drive continued growth.”