PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (616435)	9/3/2004 10:19:35 AM
From: DizzyG	Read Replies (3) of 769670

Job Picture Brightens with August Hiring Fri Sep 3, 2004 08:31 AM ET WASHINGTON (Reuters) - The U.S. job market brightened in August as employers added 144,000 workers to their payrolls and hiring totals for the two prior months were revised up, the Labor Department reported on Friday. With the economy growing in importance as an issue in November presidential elections, the department said the August unemployment rate dropped to 5.4 percent from 5.5 percent in July. It was the lowest rate since a matching 5.4 percent in October 2001 and was certain to be cited by President Bush as a sign that his tax cuts have helped stimulate economic activity. The August new-job gain came in slightly below Wall Street analysts' forecasts for a 150,000-job gain but the department also revised up its totals for June and July job creation by 59,000. That created a moderately more favorable picture for summer job growth, but is likely to leave unresolved for now whether the economy was successfully shaking off a June soft patch as Federal Reserve policymakers expect it to do. reuters.com

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