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Job Growth Strong: Smith Hails July Jobs Report Unemployment Rate Remains Low; Economy Continues to Roll |
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“The jobs report released today shows that most Americans seeking employment are finding it,” said Smith, who represents Smith also noted that June’s state-by-state jobs report revealed that job growth in “Today’s report continues to bring good news to families and jobs seekers in both In addition to strong job growth, the Ø In 2004, real GDP grew 4.4 percent – the strongest annual performance in 5 years and one of the strongest growth performances of the past 20 years. Ø Manufacturing industrial production is up 3.8 percent over the past year and by 9.2 percent over the past 2 years. Ø Housing starts and building permits recently have been running at their highest sustained levels in two decades – at a pace of around 2 million new housing units per year. Ø The homeownership rate has recently hit at a record high at over 69 percent. Ø Household net worth is at a record high level, and is up nearly 11 percent over the past year – including a 15 percent increase in the value of household real estate. For additional information about Representative Chris Smith and
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For Immediate Release: Friday, August 5, 2005 Contact: Brad Dayspring (202) 225-3765 |
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