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NEWS FOR THE WEEK OF MAY 29

75,000 Jobs Were Created In May – More Than 5.3 Minority Homeownership Is At An “Unprecedented”
Million Jobs Have Been Created Over The Last 33 Rate Of 52%. (Editorial, “Home Economics,” The Wall Street
Months. (Bureau Of Labor Statistics Website, www.bls.gov, Journal, 5/26/06)
Accessed 6/2/06)
Minorities Bought 11% Of Vacation Homes Between
The Jobless Rate Fell From 4.7% In April To 4.6% In 2003 And 2005, Up From 6% In The Years Before.
May, A Rate Below The Averages Of The 60s, 70s, 80s, (Editorial, “Home Economics,” The Wall Street Journal, 5/26/06)
And 90s And Down From 5.1% In May 2005. (Bureau Of • Minorities Bought 17% Of Investment
Labor Statistics Website, www.bls.gov, Accessed 6/2/06)
Properties Between 2003 And 2005, Up From
• In Contrast, The Jobless Rate In France Was 11% In The Years Before. (Editorial, “Home
9.3% (April) And 11% In Germany (May). (Marcus Economics,” The Wall Street Journal, 5/26/06)
Walker and Joellen Perry, “European Job Data, Consumer
Confidence Brighten,” The Wall Street Journal, 6/1/06)

The African American Jobless Rate Fell From 9.4% In


April To 8.9% In May (Down From 10% In May 2005).
(Bureau Of Labor Statistics Website, www.bls.gov, Accessed 6/2/06) Consumer Spending Increased 0.6% In May, The Best
The Hispanic Jobless Rate Fell From 5.4% In April To Increase Since Jan. (“Incomes And Spending Up But Inflation
Rises Above Fed Comfort Zone,” The Associated Press, 5/26/06)
5% In May (Down From 5.9% In May 2005). (Bureau Of
Labor Statistics Website, www.bls.gov, Accessed 6/2/06) • Personal Incomes Increased 0.5% In Apr.
(“Incomes And Spending Up But Inflation Rises Above Fed
Comfort Zone,” The Associated Press, 5/26/06)

The Chicago Purchasing Managers’ Index, A Gauge Of


Business Activity In The Region, Was At The Highest
Since Oct. 2005, Rising To 61.5% In May From 57.2%
According To The Institute For Supply Management, In Apr. (“Chicago Purchasing Managers Index Rises To 7-Month
The Manufacturing Sector Expanded In May For The High,” AFX Asia, 5/31/06)
36th Straight Month. (Institute For Supply Management, “May
2006 Manufacturing ISM Report On Business®,” Press Release, Productivity Of U.S. Workers Increased 3.7% In The 1st
6/1/06) Quarter Of 2006. (“Productivity Revised Up To 3.7% In 1st
Quarter,” MarketWatch, 6/1/06)

• Last Year, Productivity Growth Was At Its


Highest In 50 Years. (Editorial, “A Beautiful Sunset,”
The Wall Street Journal, 6/1/06)

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