May Jobs Numbers Show Increasing Employment Growth

May Jobs Numbers Show Increasing Employment Growth

With the creation of 75,000 jobs in May and the unemployment rate dropping to 4.6%, the US economy is still going strong.

Today Congressman Chris Chocola was joined by Deputy Secretary of Labor Steven J. Law to announce that the US economy created 75,000 jobs in the month of May. This continues 33 consecutive months of sustained job growth. The unemployment rate fell to 4.6% - that's lower than the average of the 1970s, 1980s, and 1990s.

The US economy has created 5.3 million jobs since the month of August 2003, and last week the Commerce Department reported that real GDP growth for the first quarter was 5.3 percent, the fastest growth in 2 ½ years.

"The US economy is the most powerful economy in the world because of the hard work of the American people," commented Chocola. "It is our responsibility to stay out of their way and to continue to lower their tax burden so that their innovation and hard work can continue to grow this economy."

http://chocola.house.gov/News/DocumentSingle.aspx?DocumentID=44684