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This graph shows employment growth for Bush's second term. So far job growth has been about as expected.
Kash has more: The Jobs Picture
"... there was good news on the employment front this morning. The US economy continues to enjoy a respectable, though not spectacular, rate of job growth."Barry Ritholtz writes:
"... aggregate hours worked were strong, and revised up, so we would say this report is a slight beat, indicative of a strong economy with more tightening to come."