Call it propaganda if you will, but there's a reason why staffing companies are enjoying stock prices twice as high as they were a year ago.
8.3 million jobs created in the last 3 1/2 years.
Today, The Bureau Of Labor Statistics Released New Jobs Figures – 132,000 Jobs Created In June. Since August 2003, more than 8.2 million jobs have been created, with more than 2 million jobs created over the twelve months ending in June. Our economy has now added jobs for 46 straight months, and the unemployment rate remains low at 4.5 percent.
Americans Are Working And Taking Home More Pay
- Real After-Tax Per Capita Personal Income Has Risen By 9.9 Percent – Nearly $3,000 Per Person – Since President Bush Took Office.
- Real Wages Rose 1.1 Percent Over The 12 Months Ending In May. This is faster than the average rate during the 1990s, and it means an extra $729 in the past year for the typical family with two wage earners.
- The Economy Has Now Experienced Over Five Years Of Uninterrupted Growth, Averaging 2.9 Percent A Year Since 2001. Real GDP grew a strong 3.1 percent in 2006.
- Since The First Quarter Of 2001, Productivity Growth Has Averaged 2.8 Percent. This is well above average productivity growth in the 1990s, 1980s, and 1970s.
- Purchasing Managers Reported Manufacturing Expansion For The Fifth Consecutive Month In June. The Institute for Supply Management manufacturing index rose to 56 in June.
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