Unemployment stands at 5%, down from a high of 6.3% in June 2003, but much of the early improvement came from workers leaving the labour force, rather than job creation.

ECONOMIST: Greenspan’s last words? | The

The president, however, said March's job total was the highest in four years, and noted that the unemployment rate has fallen from 6.3 percent in June 2003 to 5.7 percent last month -- although last month's total was up from 5.6 percent in February.

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In June 2003, the jobless rate peaked at 6.3 percent.

NPR: U.S. Jobless Rate Rises To 14-Year High 6.5 Percent

The pair face two counts of conspiracy to commit misconduct in a public office - one between 31 August 2002 and 31 January 2003, and the other between 31 January and 3 June 2005.

BBC: John Terry

Despite this, by June 2003 the 10 year Treasury yield continued to decline to a low of around 3.1%.

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