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Skriven 2006-12-08 23:31:04 av Whitehouse Press (1:3634/12.0)
Ärende: Press Release (0612081) for Fri, 2006 Dec 8
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Fact Sheet: Job Creation Continues-More Than 7 Million Jobs Created Since
August 2003
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For Immediate Release
Office of the Press Secretary
December 8, 2006

Fact Sheet: Job Creation Continues-More Than 7 Million Jobs Created Since
August 2003


ÿÿÿÿÿ In Focus: Job _

Today, The Government Released New Jobs Figures _ 132,000 Jobs Created In
November. Since August 2003, more than 7 million jobs have been created -
more jobs than all the other major industrialized countries combined. Our
economy has now added jobs for 39 straight months, and the unemployment
rate is 4.5 percent, down 0.5 percent from the same time last year.
  þ Real Wages Have Risen 2.8 Percent Over The Past Year. This means an
    extra $1,687 for the typical family of four with two wage earners.
  þ USA Today/Gallup Poll Estimated Consumers Plan To Spend More Than $800
    On Gifts This Season. The estimate is the "highest early November
    reading Gallup has seen since 2000," suggesting a "strong holiday
    season" for retailers. (Lydia Saad, "Christmas Shoppers Appear To Be In
    A Jolly Mood," 11/20/06, Available At:
    http://www.galluppoll.com/content/?ci=25495_

The American Worker Is Benefiting From Economic Growth
  þ Real After-Tax Income Per Person Has Risen By 9.4 Percent _ $2,777 _
    Since The President Took Office.
  þ Real Consumer Spending, Supported By Strong Job Gains And Rising
    Personal Income, Rose At An Annual Rate Of 3.4 Percent In The First
    Three Quarters Of This Year.
  þ Consumer Prices Fell For A Second Straight Month In October. Consumer
    prices dropped by 0.5 percent in October, led by a 7 percent fall in
    energy prices.
  þ Our Economy Has Grown A Solid 3 Percent Over The Past Four Quarters _
    Faster Than Any Other Major Industrialized Country.
  þ Productivity Has Grown At An Annual Rate Of 3 Percent Since The First
    Quarter Of 2001, Up From A 2.4 Percent Annual Rate During The Preceding
    Five Years. Growing productivity has helped America lead the world in
    manufacturing, producing almost twice as much as second-place Japan
    last year.
  þ Employment Increased In 42 States Over The Past 12 Months Ending In
    October.

The President Has An Aggressive Agenda To Keep Our Economy Strong And
Growing

The President's Tax Cuts Are Helping Our Economy Grow. The President
believes the American people can spend their money far better than the
Federal government can, and he worked with Congress to cut taxes for
everyone who pays income taxes. To keep our economy growing, the President
calls on Congress to extend rate reductions and other pro-growth tax
relief. The President also supports extension of the child tax credit and
marriage penalty relief.

The President Will Continue Working With Congress To Control Runaway
Entitlement Spending, Including By Reforming Social Security. Our strong
economy has led to historic revenue growth that helped cut the deficit in
half three years ahead of schedule, but the unchecked growth of entitlement
programs remains the principal challenge to restraining Federal spending.
While we do not need to cut these programs from current levels, we need to
address their rate of growth _these important programs are growing faster
than inflation, faster than the population, and faster than the economy.

The President's Policies Are Helping Make Health Care More Affordable And
Accessible. The Administration has successfully implemented the Medicare
prescription drug benefit, and now more than 38 million Medicare
beneficiaries enjoy drug coverage. In addition, the President has proposed
expanding Health Savings Accounts (HSAs) and creating Association Health
Plans (AHPs) to allow small businesses to band together to buy cheaper
insurance.

The President Is Working To Break America's Addiction To Oil And Develop
New Sources Of Reliable, Domestic Energy. The President is funding new
technology to create new sources of fuel, build a reliable domestic supply
of alternative fuels, develop new domestic energy resources, and increase
efficiency. The President is also encouraging the research and development
of clean-coal technologies and expanding the safe use of clean, affordable
nuclear power.

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