[Congressional Record (Bound Edition), Volume 151 (2005), Part 11]
[House]
[Page 15632]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           IMPROVING ECONOMY

  (Mr. PRICE of Georgia asked and was given permission to address the 
House for 1 minute.)
  Mr. PRICE of Georgia. Mr. Speaker, 146,000 jobs were created in the 
month of June with the unemployment rate dropping to 5 percent, the 
lowest unemployment rate since September of 2001. Steady job growth has 
taken place each month over the last 25 months, and more Americans are 
working than ever before.
  Economic indicators show strong and sustained growth, with real gross 
domestic product and real income revised up for the first quarter and 
inflation down. Profits as a share of GDP are up to their highest 
levels since 1967. Durable goods orders are on the rise, with new 
orders increasing 5.5 percent for May, the largest increase in 14 
months. U.S. manufacturing continues to expand. For the 25th 
consecutive month, manufacturing expanded, again, in June. Consumer 
confidence is up, rising nearly 3 points in June to its highest level 
in 3 years.
  Mr. Speaker, the improving economy is not empty rhetoric. What is 
crystal clear is that the policies of this Congress and this 
administration are pro-growth, leading the charge, and they are 
succeeding.

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