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Bush Lauds Economy Despite Employment Data
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| Contributor | Gerald Farinas |
| Last Edited | Gerald Farinas Aug 06, 2004 01:20pm |
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| Category | News |
| News Date | Friday, August 6, 2004 06:00:00 AM UTC0:0 |
| Description | Bush Lauds Economy Despite Employment Data
The Honolulu Advertiser
President Bush told New Hampshire voters Friday that the nation's economy is improving, even as the latest unemployment report shows weakness in the creation of jobs. Bush's remarks followed the release of new figures showing the nation's economy added 32,000 jobs in July, representing the smallest gain in hiring since December. Analysts were expecting the economy to add anywhere from 215,000 to 247,000 jobs in July. Monthly job growth of 200,000 to 300,000 is regarded by many economists as a yardstick for healthy economic recovery. In addition to the meager job gain for July, the government revised the June employment report, showing a gain of just 78,000 jobs, even less than previously reported. May's payrolls also were revised down to show a gain of 208,000. |
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