August Jobs: Another Steady Increase

Bureau of Labor Statistics reports the number of new jobs created in September 2007 was 110,000.

Average for the last three months-97,000 new jobs.

Since August 2003, the economy has created more than 8.1 million new jobs.

Consecutive months of job growth-49.

The national unemployment rate is at 4.7 percent.

Since 2003 tax cuts per capita personal income has increased more than 12.5 percent -- an average of $3,750 per person.

More than 30 percent of the country's net worth has been added since the president's 2003 tax cuts.

Excluding agriculture employers added 132,000 people to June payrolls. The previous two months were revised upward, while unemployment held at a very low 4.5%.

Markets seemed to get it both ways as far as improved wages and mild inflationary prospects.

Even though the job market is tight which gives employees a degree of independence, there seems to be little threat of inflation from those wage gains.

Presently it appears as though there is no immediate danger of the Fed raising interest rates.

Incomes are on the rise and serious wealth is being created in the economy.

Plenty of job creation is taking place and inflation is low. These seem to be very prosperous times yet the Mainstream Media constantly dwells on any negatives that exist.

As pointed out by Investors Business Daily on 5-5-06 The Associated Press recently highlighted the following:

"New Hiring Slows." "Wages Raise Inflation Fears." "Companies Aren't Hiring." "Slowdown Ahead."

New Payroll Jobs August	128,000
New Payroll Jobs July Revised up 8000, from 113,000 To	121,000
New Payroll Jobs June Revised Up 10,000, from 124,000 To	134,000
Jobs Created Since The 2003 Bush Tax Cuts	5,700,000
No. of Months of Expanded Payrolls	36
Jobless Rate-down to near its 5 year low	4.7%
Average Hourly Earnings-Production Workers Up 0.1% Month of July To	$16.79
Average Hourly Earnings-Production Workers-Up over past year	+3.9%
GDP Growth Second Quarter	2.5%
GDP Growth First Half Year	4.2%
GDP Growth Forecast 2006	3.0% +
New Jobs Created in the Last Year	Over 1.7 Million
Dollars Added to Gross Domestic Product (GDP)1st and 2nd quarter 2006	$479,000,000,000.00 +
Increase in Value of Household Financial Assets	$2,000,000,000,000.00 +
New Payroll Jobs September 51,000 New Payroll Jobs August Revised up 60,000, from 128,000 To 188,000 New Payroll Jobs July Revised Up 8,000, from 113,000 To 121,000 Jobs Created Since The 2003 Bush Tax Cuts 5,750,000 No. of Months of Expanded Payrolls 37 Jobless Rate-down to its 5 year low 4.6% Average Hourly Earnings-Production Workers Up 0.1% Month of July To $16.79 Average Hourly Earnings-Production Workers-Up over past year +4% GDP Growth Second Quarter 2.5% GDP Growth First Half Year 4.2% GDP Growth Forecast 2006 3.0% + New Jobs Created in the Last Year Over 1.7 Million Dollars Added to Gross Domestic Product (GDP)1st and 2nd quarter 2006 $479,000,000,000.00 + Increase in Value of Household Financial Assets $2,000,000,000,000.00 + New Payroll Jobs August 128,000 New Payroll Jobs July Revised up 8000, from 113,000 To 121,000 New Payroll Jobs June Revised Up 10,000, from 124,000 To 134,000 Jobs Created Since The 2003 Bush Tax Cuts 5,700,000 No. of Months of Expanded Payrolls 36 Jobless Rate-down to near its 5 year low 4.7% Average Hourly Earnings-Production Workers Up 0.1% Month of July To $16.79 Average Hourly Earnings-Production Workers-Up over past year +3.9% GDP Growth Second Quarter 2.5% GDP Growth First Half Year 4.2% GDP Growth Forecast 2006 3.0% + New Jobs Created in the Last Year Over 1.7 Million Dollars Added to Gross Domestic Product (GDP)1st and 2nd quarter 2006 $479,000,000,000.00 + Increase in Value of Household Financial Assets $2,000,000,000,000.00 + August Jobs To Bureau Of Labor Statistics Please subscribe to our monthly newsletter, Political Junkies Journal. It tells you each month about the new information we have added, including: Walt Mossberg’s Personal Technology, Key Tax Information, Trivia (play for prizes), Quotes, Lyrics, Rhymes and Brian Wesbury on Economics. Enter your E-mail Address Enter your First Name (optional) Then Don't worry -- your e-mail address is totally secure. I promise to use it only to send you Political Junkies Journal!.