The bad economic news keeps coming in for the moonbat left
Since August 2003, more than 7.5 million jobs have been created, with 2 million jobs created over the last 12 months. Our economy has now added jobs for 42 straight months, and the unemployment rate remains low at 4.5 percent.
More American Workers Are Finding Jobs And Taking Home More Pay
Real Wages Rose 2.2 Percent Over The Past 12 Months Ending In January. This is substantially faster than the average rate of the late 1990s economy, and it means an extra $1,279 in the past year for the typical family with two wage earners.
Real After-Tax Income Per Person Has Risen By 10 Percent – More Than $2,900 – Since President Bush Took Office.
The Economy Has Now Experienced Over Five Years Of Uninterrupted Growth, Averaging 3.0 Percent A Year Since 2001.
The Dow Is Up Over 40 Percent Since The President's Tax Relief Took Effect. The NASDAQ is up more than 55 percent over the same period.
and.........
The nation's payrolls grew by 111,000 last month, and unemployment ticked up slightly as the job market turned in a weaker performance than expected, according to today's report from the Bureau of Labor Statistics. Average weekly hours also slid, as did factory work and jobs in home construction.
Extensive revisions in today's release, however, reveal faster job growth than was previously reported in prior months. In 2006, for example, employment grew by 2.2 million, 405,000 more than was reported last month. Over the course of the full recovery (beginning November 2001), payrolls added about one million more jobs than were originally reported. Yet even with these additions, the overall jobs recovery still remains weak in historical terms, with jobs growing at half the rate of the 1990s recovery (4.9% vs. 10%).
While January's job gains were lower than expected, averaging over the past few months reveals a solid underlying trend of job growth. In the past three months, employment is up 171,000 per month, on average, and over the past year average monthly gains were about 180,000. These steady gains have helped to tighten the job market, leading to stronger wage growth over the past year.
http://www.epinet.org/content.cfm/webfeatures_econindicators_jobspict_20070202