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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 This material may not be published, broadcast, rewritten or redistributed.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 56 437 16,061
MORTGAGES 76 508 18,556
FORECLOSURE NOTICES 0 48 2,453
BUILDING PERMITS 241 876 33,390
BANKRUPTCIES 64 301 10,314
BUSINESS LICENSES 15 125 5,303
UTILITY CONNECTIONS 0 108 6,256
MARRIAGE LICENSES 19 98 3,511