The natural rate of unemployment is between 6 and 7 percent. At 4.7 percent pretty much anybody in the country that wants a job can get a job.
Producing fuel cells and solar panels requires high tech facilities and produces high paying jobs. The industry is booming in Arizona. The state already has about 100 firms in the solar industry and has grown 20% since 2003.
Low unemployment numbers are clear indicators that Republican tax relief and economic policies are spurring growth and helping businesses hire new workers while providing American families with job security.
The tax relief package enacted in 2001 was central to pulling the economy out of the post 9-11 recession. It's the reason we've got low unemployment and have created more than two million jobs in the last year.
Recent economic data shows that our economy is robust, growing and headed in the right direction. The numbers don't lie. Americans are currently enjoying falling gas prices, low unemployment, increased job creation, and a stock market that has reached an all-time high.