On the recordJuly 12, 2005
146,000 jobs were created in the month of June with the unemployment rate dropping to 5 percent, the lowest unemployment rate since September of 2001. Steady job growth has taken place each month over the last 25 months, and more Americans are working than ever before. Economic indicators show strong and sustained growth, with real gross domestic product and real income revised up for the first quarter and inflation down. Profits as a share of GDP are up to their highest levels since 1967. Durable goods orders are on the rise, with new orders increasing 5.5 percent for May, the largest increase in 14 months. U.S. manufacturing continues to expand. For the 25th consecutive month, manufacturing expanded, again, in June. Consumer confidence is up, rising nearly 3 points in June to its highest level in 3 years. Mr. Speaker, the improving economy is not empty rhetoric. What is crystal clear is that the policies of this Congress and this administration are pro-growth, leading the charge, and they are succeeding. ____________________
Source
govinfo.gov




