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

For Immediate Release
February 3, 2006

Fact Sheet: Economic Growth Continues - Unemployment Rate Falls to 4.7 Percent

     Fact sheet In Focus: Jobs & Economy
     Fact sheet en Español

Today, The Unemployment Rate Fell For The Second Straight Month. The unemployment rate fell to 4.7 percent - the lowest monthly rate since July 2001 and lower than the average of the 1970s, 1980s, and 1990s. In January, the economy created 193,000 jobs and has created over 2 million jobs over the past 12 months, and more than 4.7 million since August 2003.

The Economy Is Strong And Continues To Grow

The President's Agenda To Strengthen A Vibrant Economy

President Bush's Agenda Will Ensure Continued Opportunity For America's Workers And Entrepreneurs. In his State of the Union Address, the President laid out an agenda to maintain the economy's momentum and ensure that America remains the leader of the global economy. The President called upon Congress to make tax relief permanent and to continue working with him to limit the growth of government through fiscal discipline and remain on track to cut the deficit in half by 2009. We have reduced the growth of non-security discretionary spending every year since 2001, and last year this spending was cut. The President is advancing pro-growth policies to make the health care system affordable and accessible; reduce America's dependence on foreign oil through the Advanced Energy Initiative; continue to open markets to American goods and services; reform the immigration system and ensure secure and orderly borders; and encourage innovation through the American Competitiveness Initiative, which will double the Federal commitment to the most critical research programs emphasizing the physical sciences, modernize and make permanent the research and development tax credit, reform the job training system, and strengthen math and science education.


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