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VOL. 126 | NO. 65 | Monday, April 4, 2011

Obama: Jobs Numbers are Sign of Economy's Strength

AP

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LANDOVER, Md. (AP) – President Barack Obama says unemployment numbers released Friday indicate the economy is showing signs of strength.

The unemployment rate fell to a two-year low of 8.8 percent in March, capping the strongest two months of hiring since the recession began. The rate has fallen a full percentage point over the past four months, the sharpest drop since 1983.

Obama says there is still work to be done. He says even as he deals with crises around the world, the U.S. economy is his first priority. Obama spoke at a shipping facility in Maryland.

The 2.5 million jobs economists expect to be created over the rest of this year will be only a small portion of the 7.5 million wiped out during the recession.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 405 4,276
MORTGAGES 104 424 4,814
FORECLOSURE NOTICES 0 68 749
BUILDING PERMITS 148 883 10,151
BANKRUPTCIES 53 264 3,149
BUSINESS LICENSES 46 201 2,092
UTILITY CONNECTIONS 21 122 1,246
MARRIAGE LICENSES 20 94 808