August Jobs Higher Than July Jobs: Another Steady Increase

July Jobs

From: U.S. Department of Labor

Consumer Price Index

+0.2%

Jun 2007 Unemployment Rate

4.6%

Jul 2007 Payroll Employment-- +92,000(p)

Jul 2007 Average Hourly Earnings-- +$0.06(p)

Jul 2007 Producer Price Index-- -0.2%(p)

Jun 2007 Employment Cost Index-- +0.9%

2nd Qtr 2007 Productivity-- +1.0%

1st Qtr 2007 U.S. Import Price Index-- +1.0%

Jun 2007 Unemployment Initial (UI) Claims--307,000

Jul 28 2007 UI Claims 4-Week Average-305,500

Jul 28 2007 Federal Minimum Wage:--$5.85 Current (p) preliminary; (c) corrected

From: U.S. Department of Labor

Consumer Price Index-- +0.2%

Jun 2007 Unemployment Rate-- 4.5%

Jun 2007 Payroll Employment-- +132,000(p)

Jun 2007 Average Hourly Earnings-- +$0.06(p)

Jun 2007 Producer Price Index-- -0.2%(p)

Jun 2007 Employment Cost Index-- +0.9%

2nd Qtr 2007 Productivity-- +1.0%

1st Qtr 2007 U.S. Import Price Index-- +1.0%

Jun 2007 Unemployment Initial (UI) Claims-- 301,000

Jul 21 2007 UI Claims 4-Week Average 308,500

Jul 21 2007 Federal Minimum Wage:--$5.85

Job Growth Remains Steady —

Unemployment Rate Stays Low at 4.5%

Secretary of Labor Elaine L. Chao

Labor Secretary Elaine L. Chao

WASHINGTON, July 6 — The U.S. Department of Labor’s Bureau of Labor Statistics announced the creation of 132,000 net new jobs in June, while the nation’s unemployment rate held steady at 4.5%. June marks the 46th month in a row of job growth, and since August 2003, more than 8.2 million jobs have been created.

Unemployment Rate

4.5%

June 2007 Payroll Employment

+132,000(p)

June 2007 Average Hourly Earnings

+$0.06(p)

June 2007 Producer Price Index

+0.9%(p)

May 2007 Employment Cost Index

+0.8%

1st Qtr 2007 Productivity

+1.0%

1st Qtr 2007 U.S. Import Price Index

+0.9%

May 2007 Unemployment Initial (UI) Claims

318,000

Jun 30 2007 UI Claims 4-Week Average

318,500

Jun 30 2007 Federal Minimum Wage

$5.15 Current Federal Minimum Wage

$5.85 Effective July 24, 2007

May 2007 Unemployment Rate

4.5%

June 2007 Payroll Employment

+132,000(p)

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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."

Although the housing market has slowed in recent months new home ownership is at an all time high with many of those homes being bigger and better than ever.

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 +
JULY JOBS Data Before Revisions New Payroll Jobs July 113,000 Jobs Created Since The 2003 Bush Tax Cuts 5,380,000 No. of Months of Expanded Payrolls 35 Jobless Rate-Slight Up Tick-still near its 5 year low 4.8% Average Hourly Earnings-Production Workers $16.76 Average Hourly Earnings-Production Workers-Up over past year +3.8% GDP Growth Second Quarter 2.5% GDP Growth First Half Year 4.0% GDP Growth Forecast 2006 3.0% + New Jobs Created in the Last Year Over 1 1/2 Million Dollars Added to Gross Domestic Product (GDP) $350,000,000,000.00 + Increase in Value of Household Financial Assets $2,000,000,000,000.00 + July Jobs July Jobs To Bureau Of Labor Statistics