Latest report: "Employers boosted payrolls by a better-than-expected 132,000 jobs in June, enough to keep the unemployment rate at a relatively low 4.5 percent. It was another sign that the economy is snapping out of a nearly yearlong sluggish spell. The latest picture of the nation's employment climate, released by the Labor Department on Friday, also showed that workers saw solid gains in their wages last month."
I can easily remember times, not that many years ago, when we would have killed to see an unemployment rate of 4.5% (just as George H. W. Bush). The Bush administration deserves more credit for the strong economy.
