Great Economic News for the American Family

Today's announcement of continuing job growth and economic strength is good news for the American family. American businesses created 6.8 million new jobs in the last three years, marking the 38th consecutive month of job growth. Unemployment has reached its lowest point since May 2001, at 4.4 percent. In fact, there are 700,000 fewer unemployed Americans now than a year ago. And meanwhile real wages have been increasing, with a 2.4 percent increase over the past 12 months alone. That translates into $1327 more for the typical two-earner family of four. Couple that with the 82-cents per gallon drop in gas prices and this is nothing but good news for the family budget.