From today’s WSJ

Economist Michael Darda of MKM Partners notes that averaging the two surveys yields a gain of close to 250,000 jobs in June, “which is much closer to the reality of America’s very tight labor market.” Meanwhile, the increase in total hours worked in June was itself the equivalent of a half-million new jobs. And the number of Americans who have been without a job for more than six months sank by 217,000 in June to its lowest level in more than five years. The average jobless spell is now less than six weeks.

And not only have jobs grown significantly as a direct result of the Bush 2003 Tax Cuts that Democrats opposed almost unanimously (along with so called “conservatives” such as John McCain I might add) but so to has wage growth:

The slow pace of wage growth has been used in some quarters to describe this expansion as the poor cousin of the go-go 1990s. But that also isn’t accurate, according to a new analysis of compensation trends by the Treasury Department. As the nearby table shows, wages after inflation rose by 0.7% in the 62 months from the peak of the last business expansion in March 2001 through this May. But that is still better than the 1.5% decline in real wages over a comparable 62-month period in the first half of 1990s.

Again. Despite what the “pouting pundits of pessimism” say about the economy (“rich getting richer, poor getting poorer,” “tax cuts for the rich,” “worst economy since Herbert Hoover,” “tax cuts cause deficits,” etc… President Bush has proven that a “rising tide lifts all boats” and that indeed supply side pro growth tax cuts create capital formation, investment, risk taking, new jobs, higher wages, and a higher standard of living for all Americans.