Fact Sheet: Charting a Clear Course for the Economy

post from White House News on 03 July 2008 01:00:00 AM. © White House News

Today, the Bureau of Labor Statistics released new jobs figures for June. Nonfarm payroll employment decreased by 62,000 jobs in June and the unemployment rate remained unchanged at 5.5 percent, in line with expectations. Although these numbers are disappointing, the unemployment rate remains below the averages for the past three decades. Despite slow growth, the economy continues to demonstrate resilience. The first quarter GDP was revised up to one percent at an annual rate, and other data suggest growth in the second quarter may be stronger than the first quarter.

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