Obama on Jobless Rate: ‘When I Came into Office It Was Hovering Around 10%’

“Now, this morning, we learned that our businesses created another 223,000 jobs last month. (Applause) The unemployment rates now down to 5.3 percent. (Applause) Keep in mind, when I came into office, it was hovering around 10 percent. All told we’ve now seen 64 straight months of private sector job growth, which is a new record. (Applause) 12.8 million new jobs all told. And that is good. But we’ve got more work to do. Because we’ve got to get folks wages and incomes to keep going up. We have got to make sure folks feel like their hard work is getting them somewhere.” (Applause)