''Our businesses have now added more than 200,000 jobs a month for the past year,'' says President Barack Obama during an event at a South Carolina college. Rough Cut (no reporter narration).
ROUGH CUT (NO REPORTER NARRATION) President Barack Obama speaks at Benedict College in South Carolina, Friday (March 6) for the first time since taking office, boasting the jobless rate for January. "Our businesses have now added more than 200,000 jobs a month for the past year. And we have not seen a streak like that in 37 years, since Jimmy Carter was president," Obama says. The U.S. Labor Department said employers added 295,000 workers in February, beating a forecast of 240,000. It was the longest run of 200,000-plus increases since 1994. The jobless rate dropped to 5.5 percent from 5.7 percent in January. "The unemployment rate for African Americans is actually falling faster than the overall unemployment rate which makes sense because it went up faster too during the recession," the president says. But he says more work still needs to be done to bring jobs and opportunities to even more Americans.