The Economic News Continues to Rock

Since the media will not be saying much about this, here is the latest economic news released today:

Today, The Government Released New Jobs Figures – 138,000 Jobs Created In April. The economy has created about 2 million jobs over the past 12 months – and more than 5.2 million since August 2003. The unemployment rate is 4.7 percent – lower than the average of the 1960s, 1970s, 1980s, and 1990s.

The Economy Is Strong And Continues To Grow

* GDP Growth Is Strong. GDP grew at a strong 4.8 percent annual rate in the first quarter of this year. This follows our economic growth of 3.5 percent in 2005 – the fastest rate of any major industrialized nation.
* Productivity Increased At A Strong Annual Rate Of 3.2 Percent In The First Quarter.
* Hourly Compensation Rose At A 5.7 Percent Rate In The First Quarter – More Than Twice As Much As In The Previous Quarter.
* The Conference Board Index Of Consumer Confidence Increased In April To Its Highest Level In Almost Four Years.
* Industrial Production Posted A Solid Gain In March. Industrial production increased 0.6 percent in March and rose 4.5 percent at an annual rate in the first quarter.
* Consumer Spending Rose 0.6 Percent And Personal Income Rose 0.5 Percent In March.
* Over The Past 12 Months, Employment Increased In 48 States. In March, four states set record low unemployment rates.

Jayson at Polipundit has more on the latest numbers.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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