November Job Numbers

The new job numbers are in with 112, 000 jobs being created last month. Though job creation was about 70, 000 less than what was being forecasted, the job numbers provide further evidence of the underlying strength of the economy. For example:

• The American economy has now added jobs for fifteen consecutive months.
• Unemployment rate dropped from 5.5% to 5.4%, which is lower than it was at this point under President Clinton.
• There has now been 2.3 million jobs added since August of 2003.
• The economy continues to grow at a rate far exceeding any other industrialized nation.

No the economy is not perfect, but considering the fact that we are only a couple years removed from the dot. com bust and the most devastating attacks in our nation's history, our economy is doing remarkably well. Can you imagine where we'd be if we hadn't cut taxes? We'd certainly be in a much worse state than we are right now.