Strong Economic News(February 21, 2006) The Department of Labor released the
Winter 2005-2006 Edition of
The Labor Advocate, a quarterly publication. It details
strong economic news regarding the January 2006 data.
4.7% unemployment — the lowest monthly rate since July 2001 and lower than the average of the 1970s, 1980s and 1990s
Over 2 million jobs created in 2005
Construction spending rose in December to a record high of $1.12 trillion
Manufacturing activity grew for the 32nd consecutive month in January 2006
Housing starts in 2005 rose to 2.065 million units — 5.6% over 2004 and the highest level in over 30 years
Consumer confidence is at its highest level in 3 years
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