Congressman Cole: New Job Numbers Give Boost to Growing Economy
Washington, D.C. – Congressman Cole today applauded the news released today that 144,000 jobs were added to U.S. payrolls during August. The Department of Labor also reported that the unemployment rate dropped from 5.5 percent in July to 5.4 percent for August.
"This is another boost for our growing economy and another piece of evidence that the Jobs and Growth Package passed last year is helping Americans find jobs," Congressman Tom Cole said. "The President's policies are building a stronger economy. We will continue to work in Congress to make sure American workers have a bright, successful future."
For the first half of 2004, Oklahoma gained over 20,000 non-farm jobs. This is an average of 1.4 percent increase in new jobs statewide compared to an average 1.0 percent increase nationwide. Last reported state specific data showed Oklahoma's unemployment rate of 4.6 in July, which is far below the national average.
"Oklahomans are leading the way to economic recovery. Our state is outperforming the nation's average job growth numbers and the unemployment rate is far below the national average," Congressman Cole said.
According to the Oklahoma Employment Security Commission, in July, the number of Oklahomans claiming unemployment fell to its lowest point since October 2002. Unemployment decreased by over 25,000 claims from 101,700 to 76,000.