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OPA News Release: [11/03/2006]
Contact Name: Jim Schaefer
Phone Number: (202) 693-4676
Release Number: 06-1940-NAT
Statement of U.S. Labor Secretary Elaine L. Chao
On October Employment Numbers
WASHINGTON — U.S. Secretary of Labor Elaine L. Chao issued the following statement on the October employment situation released today:
"Today's report showed that the unemployment rate fell to the lowest point in five years, to 4.4 percent. We've seen 38 straight months of job growth and nearly 6.9 million net new jobs created since August 2003. And job growth over the prior two months was also more robust than previously thought — 378,000 net new jobs were added in August and September."
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