Treasury Secretary John W. Snow Commerce Secretary Carlos M. Gutierrez Labor Secretary Elaine L. Chao December 14, 2005 Year-End Economic Briefing 2005.

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Presentation transcript:

Treasury Secretary John W. Snow Commerce Secretary Carlos M. Gutierrez Labor Secretary Elaine L. Chao December 14, 2005 Year-End Economic Briefing 2005

Treasury Secretary John W. Snow December 14, 2005 Year-End Economic Briefing 2005 Overview

President Bush Signs Jobs and Growth Act (May 2003) President Bush Signs Jobs and Growth Act (May 2003) 4.3 % GDP Growth for the 3rd Quarter of 2005 December 14, 2005

Commerce Secretary Carlos M. Gutierrez December 14, 2005 Year-End Economic Briefing 2005 Business Report

December 14, 2005

Labor Secretary Elaine L. Chao December 14, 2005 Year-End Economic Briefing 2005 Employment Report U.S. Department of Labor

More Americans are Working than Ever Before Number of Americans Working as Measured by the Household Survey, Nov Nov (in millions, seasonally adjusted) December 14, 2005 U.S. Department of Labor

Widespread Jobs Recovery in Key Growth Sectors Industry Sector Employment Change Since Jobs Recovery Began as Measured by the Establishment Survey, May 2003 to Nov (in thousands, seasonally adjusted) December 14, 2005 U.S. Department of Labor

Strong Recovery in High Paying Jobs Change in Average Employment by Occupation Based on Household Survey, Average for 12 Months Ending November 2005 to Average for 12 Months Ending November 2003 (in Thousands). Occupations Ranked by September 2005 Compensation. December 14, 2005 U.S. Department of Labor

Smaller Firms Have Led the Recovery Cumulative Quarterly Net Employment Change, 2nd Quarter 2003 to 1st Quarter 2005 by Firm Size Based on BLS BEDS Data (in thousands, seasonally adjusted) December 14, 2005 U.S. Department of Labor

December 14, 2005 Year-End Economic Briefing 2005 Treasury Secretary John W. Snow Commerce Secretary Carlos M. Gutierrez Labor Secretary Elaine L. Chao