Economic News Update
- June unemployment remained unchanged at 5.5%, remaining below the averages for the past three decades.
- Average hourly earnings increased by $0.06 in June.
- Productivity increased by 0.7% in the first quarter of 2008.
- The bipartisan economic growth package signed by President Bush is sending over $152 billion back to American families and is expected to create more than 500,000 jobs by the end of 2008.
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