Jobless Rate

By: Associated Press
By: Associated Press

President Bush is cheering the latest drop in the jobless rate.

At a fund-raiser in Baltimore for his re-election campaign, the president said November's employment report is another sign the U.S. economy "is strong and getting stronger."

He says it also shows his big tax cuts are "working for the American people."

Bush made similar assertions in a round-table discussion with workers at a Baltimore home improvement warehouse.

Despite the tenth-of-a-percent drop in the unemployment rate to five-point-nine percent, economists say net job growth remains slow.

The Baltimore fund-raising luncheon brought in a $1 million for Bush's campaign war chest as he aims for a primary season total of $170 million.


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