Economic Indicator

1996

2004

Job Growth

Average monthly payroll growth (Jan-May)

233,000

238,000

Number of manufacturing jobs created (Jan-May)

15,000

91,000

Average number of individuals working part time due to economic reasons (First term)

5 million

4.3 million

Number of individuals working part time because they could only find part time work

May

 

 

1.725 million

 

 

1.467 million

Jan-May average

1.6 million

1.4 million

First term average

2 million

1.2 million

Percent of new jobs paying

Above the median average (Jan-June)

60%

60%

Below the median average (Jan-June)

40%

40%

Unemployment

Unemployment

May

 

5.6%

 

5.6%

Jan-May average

5.6%

5.6%

Unemployment rate for African Americans

10.2%

9.9%

Unemployment rate for Hispanics

9.6%

7.0%

Broadest measure of unemployment (U6, seasonally adjusted)

May

 

9.7%

 

9.7%

Jan-May average

9.8%

9.7%

Of those unemployed, percent unemployed less than 5 weeks

First term average

 

36%

 

36%

Jan-May average

36%

32%

Of those unemployed, percent unemployed 5-14 weeks

First term average

31%

31%

Jan-May average

31%

29%

Of those unemployed, percent unemployed 15-26 weeks

First term average

 

15%

 

16%

Jan-May average

15%

16%

Economy

Debt as a percentage of GDP

48.5%

38.6%

Average monthly inflation (First term)

2.8%

2.2%

Average GDP over most recent three quarters

3.1%

5.6%

Increase in real per capita after taxes

$980
(Jan 1993 - April 1996)

$1,900
(Jan 2001 -
April 2004)

Stock Ownership

Percent of all Americans

41% (1995)

49.5% (2002)

Households

40.6 million

52.7 million

Individuals

69.3 million

84.3 million

Consumer Sentiment (June)

Sentiment

92.4

95.2

Consumer Conditions

105.4

108.1

Expectations

84.0

86.9

Rate of bankruptcy filings.

 

17.9%
(March 1995-March 1996)

2.8%
(March 2003-March 2004)

Consumer credit as a share of household debt

First term average

21.4%

22.8%

First quarter

23.4%

21.2%

Percent of high school graduates who enroll in college

62%
(1995)

64%
(2003)

Percent of population who achieved bachelors degree

15.8%

17.7% (2002)

Homeownership

Homeownership rate (first quarter)

65.1%

68.6%

Housing Affordability Index (first quarter)

131.5

144.1

Quality of Life

Food Stamps program

Number of participating households (March)

10.7 million

10.3 million

Number of participating individuals (March)

25.9 million

23.8 million

Number of Americans without health insurance

Number of uninsured

41.7 million uninsured (1996)

43.6 million uninsured, (2002)

Percent of population

15.6%

15.2%

Average annual household expenditure for food away from home (constant 2002 dollars)

$2,240 per household or $877 per person (1998)

$2,276 per household or $910 per person (2002)

Number of cruise passengers (50% of whom earn between $20,000 and $59,000)

4.7 million

8.2 million

Percent of new one family homes with more than 2,000 square feet of floor-area. 

48%

57% (2003)

Charitable giving

$ 150.7 billion

$241 billion (70% of households)