"Bush says job market best in years"

Bush says job market best in years
By Caren Bohan Sun May 7, 1:02 AM ET
STILLWATER, Oklahoma (Reuters) -

President George W. Bush on Saturday said the U.S. job market was the best in years, as he pushed an election-year effort to convince skeptical Americans that the economy is thriving.

Bush told new graduates at Oklahoma State University that the economy was "strong and growing" and added, "You will have more jobs to choose from than previous classes and your starting salaries will be higher."

The commencement speech came a day after the Labor Department reported that employers added 138,000 new jobs in April -- a number that disappointed economists who expected a gain of 200,000. Yet there were some signs of strength as wages jumped and the unemployment rate held steady at 4.7 percent.

I don't believe it, afte reading Paul Craig Roberts's articles; I hope PCR will have another article out soon. Articles like this don't give the complete picture, since they don't tell you where the jobs are being created...