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Canada body-parts murder victim identified
WASHINGTON, July 14 (UPI) -- House Budget Committee Chairman Jim Nussle, R-Iowa, said Wednesday U.S. job figures for June are consistent with a strong and growing economy.
"The June report is still consistent with a strong and growing economy," Nussle said in a memo distributed to his Republican colleagues. "We can expect another strong employment report in July, and a possible upward revision of June's numbers."
The economy, the U.S. Bureau of Labor Statistics said, created 112,000 jobs during June, a figure some Bush critics have dismissed as evidence of a slowdown in job creation.
"Monthly jobs growth so far this year has averaged 211,000 per month -- similar to the 200,000 average monthly gain for the expansion of the 1990s," Nussle said, a time during which, he added, there were, "many occurrences of one month of lower jobs growth."
"Preliminary estimates of lower monthly jobs growth," Nussle said, "typically occurred every 3 to 4 months - even during an overall trend of robust economic and jobs growth."
The preliminary figure of 112,000, Nussle said, "could reasonably reach a final estimate of a 200,000 job gain for June," once the U.S. Bureau of Labor Statistics issues its revised report in August.
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