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NEWS FOR THE WEEK OF JULY 3

121,000 New Jobs Were Created In June – More Than Orders At U.S. Factories Increased 0.7% In May, A
5.4 Million Jobs Have Been Created In The Last 34 Better-Than-Expected Increase. (Rafael Gerena-Morales,
Months (Since Aug. 2003). (Bureau Of Labor Statistics “Reports on Jobs, Factory Orders Signal Strength,” The Wall Street
Website, www.bls.gov, Accessed 7/7/06) Journal, 7/6/06)

• 15,000 Jobs Were Created In Manufacturing. • Orders For Nondurable Goods Increased 1.6%.
(Bureau Of Labor Statistics, “The Employment Situation: (Rafael Gerena-Morales, “Reports on Jobs, Factory Orders
June 2006,” Press Release, 7/7/06) Signal Strength,” The Wall Street Journal, 7/6/06)

The Unemployment Rate Remained At 4.6% In June, The Institute For Supply Management Manufacturing
Down From 5% A Year Ago And Lower Than The Index Was Above 50% For The 37th Month In A Row (A
Averages Of The 1960s, 1970s, 1980s, And 1990s. Reading Above 50% Indicates Expansion). (Institute For
(Bureau Of Labor Statistics Website, www.bls.gov, Accessed 7/7/06) Supply Management, “June 2006 Manufacturing ISM Report On
Business®,” Press Release, 7/3/06)
• The Hispanic Jobless Rate Is Down From 5.8%
In June 2005 To 5.3% Today. (Bureau Of Labor Construction Spending In The First 5 Months Of 2006
Statistics Website, www.bls.gov, Accessed 7/7/06) Is Up 8.6% Over The Same Period Last Year. (U.S.
Census Bureau, “May 2006 Construction At $1,206.2 Billion Annual
• The African American Jobless Rate Is Down Rate,” Press Release, 7/3/06)
From 10.3% In June 2005 To 9% Today. (Bureau
Of Labor Statistics Website, www.bls.gov, Accessed 7/7/06)

Average Weekly Earnings Were Up 4.5% Between


June 2005 And 2006. (Bureau Of Labor Statistics, “The
Employment Situation: June 2006,” Press Release, 7/7/06)
The Institute For Supply Management Services Index
The Number Of First-Time Jobless Claims Fell By Was Above 50% For The 39th Month In A Row (A
2,000 For The Week Ending June 30. (Greg Robb, “U.S. Reading Above 50% Indicates Expansion). (Institute For
Initial Claims Lower By 2,000 To 313,000,” MarketWatch, 7/6/06) Supply Management, “June 2006 Non-Manufacturing ISM Report On
Business®,” Press Release, 7/6/06)
Layoffs At U.S. Corporations Were Down 19% For The
First 6 Months Of This Year. (Rex Nutting, “Corporations’ The National Association Of Realtors’ Index For
Layoffs Rise In June,” MarketWatch, 7/6/06) Pending Sales Of Existing Homes Increased 1.3% In
May. (Jeff Bater, “Housing Signals Some Stabilizing,” The Wall
• Job Cuts Totaled 180,580 In The 2nd Quarter – Street Journal, 7/7/06)
The Lowest Quarterly Total Since The 3rd
Quarter Of 2000. (Rex Nutting, “Corporations’ Layoffs Chain Store Retail Sales Were Up 2.7% Between June
Rise In June,” MarketWatch, 7/6/06) 2005 And 2006. (The Bank Of Tokyo/Mitsubishi UFJ Ltd. “Monthly
Chain Store Sales Report,” Press Release, 7/6/06)

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