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Concerned about raising expectations that the third-quarter growth rate could be sustained, Mr. Bush's aides said they expected the economy to cool but to continue expanding at a pace that will lead employers to begin hiring again.
From the ailing resorts of the Florida Keys to Alaskan villages along the Bering Sea, the program is now expanding at a pace of about 20,000 people a day.
It notes that housing prices have improved slightly in the past couple of months, and that while mining investment is falling, "other areas of domestic demand, as well as exports, have been expanding at a pace at or above trend".
For the second year in a row, the mainland's economy is expanding at a pace that looks too quick for comfort.In the first quarter of this year GDP was 10.3% greater than a year before; the broad money supply grew by 19% in the 12 months to the end of May; and domestic bank lending jumped by four-fifths in the first five months of 2006, compared with the same period in 2005.
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The statement said that the economy was expanding "at a moderate pace" and that the job market was improving.
Since the 1950s Georgia's economy and population have expanded at a pace much faster than the national average.
A global economic recovery has been slow, and many developed countries like the United States have struggled to expand at a pace that will cut high unemployment.
Fed officials said in a policy statement Wednesday that the economy is expanding at a "solid pace," a rosier view than the "moderate pace" they saw last month.
Other Polish airports too are expanding at a cracking pace.
Turkey's economy and its internationally competitive companies are expanding at a relentless pace.
Poland, the biggest economic success of recent years, has been expanding at a breakneck pace.
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