MIAMI (AP) — President Barack Obama says that a slight dip in the unemployment rate to 8.9 percent is a sign of continued progress but that keeping that momentum going is important to the economic recovery.
The government reported Friday that February’s jobless rate had fallen to a two-year low, down from 9 percent in January. Obama says the latest numbers show that the economy has added 1.5 million private-sector jobs in the last year and, in his words, “that’s progress.”
WATCH MSNBC’S COVERAGE OF THE JOBLESS RATE DROP:
[MSNBCMSN video=”http://www.msnbc.msn.com/id/32545640″ w=”592″ h=”346″ launch_id=”41905423^970^343410″ id=”msnbc84dd63″]
The president commented during an appearance at a Miami high school, where he was discussing his education agenda.
The unemployment rate has been falling for three months, down from 9.8 percent in November.
Copyright 2011 The Associated Press.