Bush trumpets U.S. job market as best in years
In election-year effort, president casts economy as ‘strong and growing’
Updated: 1:54 p.m. ET May 6, 2006
http://www.msnbc.msn.com/id/12388080/STILLWATER, Okla. - President Bush on Saturday said the U.S. job market was the best in years, as he pushed an election-year effort to convince skeptical Americans that the economy is thriving.
Bush told new graduates at Oklahoma State University that the economy was “strong and growing” and added, “You will have more jobs to choose from than previous classes and your starting salaries will be higher.”
The commencement speech came a day after the Labor Department reported that employers added 138,000 new jobs in April—a number that disappointed economists who expected a gain of 200,000. However, there were some signs of strength as wages jumped and the U.S. unemployment rate held steady at 4.7 percent.
With Bush’s approval ratings slumping to 34 percent in some polls, the White House has been frustrated that its efforts to trumpet what it sees has as strong economic data have been largely ignored. Following the release of Friday’s jobs figures, Bush made an appearance at a Capitol Hill hardware store to buy some toys for his dog, Barney, and hail job growth that he said was being driven by small business growth. “The job market for college graduates is the best it has been in years,” Bush said in the commencement speech.
President Bush speaks during a commencement ceremony at Oklahoma State University on Saturday in Stillwater, Okla.