tv Pres. Biden Delivers Remarks on Jobs Report CSPAN April 1, 2022 10:03pm-10:13pm EDT
31000 jobs. nice sound to it. we learned in january and fabric of our economy rated 100,000 more jobs than we previously thought. that means over the last three months the economy created more than half a million more than 500,000 jobs a month over the course of my presidency, eric recovery has created 7.9 million jobs. more jobs created the first 14 months of any presidency for any term ever. that is striking. what's even more striking is in march, unemployment rate fell to 3.6%, down from 6.4% when i took office about 15 months ago. the fastest decline unemployment to start the president's term ever recorded. in fact, only three,0 months in the last 50 years where an implement rate is lower than it is now and that is very clear,
america is back to work and that is good news for millions of families who have a little more breathing room and thehe dignity to come in and earn a paycheck, the dignity of having a job and more and more americans get jobs and as they do it will help ease supply pressures as receipt and that is good news for fighting inflation in our economy and our economy has gone from being on the mend tubing on the move. the american people are beginning to understand this american rescue plan, there's no reason they should knowpl the names of these pieces of legislation passed. the american rescue plan we were able to a get american vaccinated, schools opened and businesses going. it's estimated because of the rescue plan, fourth million more american jobs were created in unemployment 2% lower than it
would have been had we failed to move that legislation. thanks to ourur infrastructure w we have more than 4000 projects getting started this year, 4000 and every single state in america totaling 4000 and all 50 states rebuilding america. we are building it worthy of american workers, strong and zero resilient. overcome the headwinds it has of delta, omicron and even more in europe. policies are working and we are getting results for the american people which is all about to state the obvious. record job creation and unemployment decline, record wage gains and by the way, jobs and unemployment are not just another statistic, they go directly to the core of what the economy represents, the ability for hard-working americans to live with dignity and support their families and build a better life for their children. people are making more money and finding jobs and afteril decades ofof being mistreated and paid o
little, more and more american workers have real power to getli better wages to do what is best for themselves and their families some people see it as a problem, we've had this discussion in thet. past, i don. i l see it as long overdue.he when you hear the numbers, they are not statistics, the statement of the economy we are fighting for, and economy as i've been saying from the beginning, bottom up to middle out, not from the top down. when we do that, everybody does well and everybody wins even though we created record number of jobs, we know and i know this job is not finished and we need to do more to get prices under control.s putin's invasion of ukraine has driven up gas prices and food prices all over the world. to help you about yesterday i authorized a release of 1 million barrels a day for the next six months from our strategic petroleum reserve.
acknowledge this by far is the largest release of national reserves in our history,, a wartime bridge is the way i look at it, to increase our oil supply as we look at oil producers to ramp up their production to get us through this. i coordinated this release with partners and allies around the world. this morning, over 30 countries from across the world convened extraordinary meetings and agreed to the release of tens of millions of additional balance oil onto the market. hundreds of hours of meeting with key allies keeping them paying off. nations are coming together to deny putin's the ability to weaponize his energy resources against american families, not only american families but families in europe and around the world. i've also made it a priority to get america's fiscal house in order.
the federal budget deficit went up every single year, every year as a committed when i was money we are going to turn that around. last year in 2021 we cut the federal deficit by more than 350 billing dollars. this year in 2022 we are on track to credit by more than 1.3 trillion. $1.3 trillion. the largest one-year reduction in a deficit in u.s. history. it's particularly important now as we work to reduce pressures on inflation and that's what happens when you reduce the deficit. the previous administration has reckless policies and mismanagement let you record budget deficits. my administration from getting the deficit underha control. i released my budget this week and going forward, we can pet the deficit by another $1 trillion over the next decade while still making investments
in economic growth and crime and equitable -- economic decisions. to doe that we have to be willg to do something the previous administration and republicans today refused to do, we need to make sure corporations and the super wealthy pay their fair share. here is one example. right nowow billionaires, not a whole lot of them in the country, i don't know for sure, the average less than 1% but billionaires pay an average of 8% on the total income, a family led by a firefighter and a teacher can pay double the income tax rate, double what a billing or pays, so my budget has a billing or and will tax of 20% minimum tax that applies only to the top one, 100 of 1% of american households. billing or minimum tax is fair
and here is the deal, it raises 360 billing dollars to be used in lower cost families and cut the deficit. i will add, nobody making less than four, $400,000 a year will pay a single penny more and federal taxes. i said in the past and i have no problem with people making as much money as they are capable but iof am asking you, just pay your fair share, pay your fair share, that's all, that's it. no onene can argue that 20% for bulimia is unfair. we will bring down the families and deficits left by my predecessor, all important steps to continue historic progress to build a better america.
human country in the world stronger than when wee went in. i want to thank you and will have time to answer questions about items jobs report next week appreciate it. >> what aboutan inflation? outpacing wages. >> 's criminal taxes -- >> following the president's remarks, white house economic advisor jared bernstein and jen psaki spoke more to reporters about the march jobs report the administration's policy priorities this was the press secretary's first briefing she tested positive for covid-19 days ago move.