The White House, President George W. Bush Click to print this document

For Immediate Release
Office of the Press Secretary
March 10, 2006

Fact Sheet: Economic Growth Continues - Almost 5 Million Jobs Created Since August 2003

Today, The Government Released New Jobs Figures - 243,000 Jobs Created In February. The economy created 243,000 jobs in February and has created about 2.1 million jobs over the past 12 months - and almost 5 million since August 2003. The unemployment rate is 4.8 percent - lower than the average of the 1970s, 1980s, and 1990s.

The Economy Is Strong And Continues To Grow

The President's Agenda To Grow A Vibrant Economy

President Bush's Pro-Growth Policies Will Ensure Continued Economic Opportunity. The President has asked Congress to make tax relief permanent and presented a disciplined budget to halve the deficit by 2009. President Bush is working with Congress to make health care more affordable and accessible; increase America's energy independence; open additional markets to American products; reform the immigration system and ensure secure and orderly borders; and reform our legal system.

The President Proposed The American Competitiveness Initiative (ACI) To Encourage Innovation Throughout The Economy. The ACI will increase Federal investment in critical research, provide children with a strong math and science foundation, and ensure the Nation continues leading in innovation.

This Week, The President Submitted Line-Item Veto Legislation To Stop Wasteful Spending, Reduce The Budget Deficit, And Improve Accountability. Special fast-track procedures would be created to guarantee an up-or-down vote by a simple majority in Congress on a proposal by the President to rescind specific spending or tax legislation that has been passed.

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