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Archived News Release--Caution:
information may be out of date.
For more information call: (202) 693-4650
The nation's economy is strong and solid.
The unemployment rate dropped to 3.9 percent, the first
time it has been below 4.0 percent since 1970. We set other records, too.
Hispanic unemployment fell to 5.4 percent, for African Americans it fell to 7.2
percent, and for African American teens to 22.2 percent, all the lowest on
record. In addition, the proportion of the population with jobs increased to
64.9 percent, a record high.
These figures show that our prosperity is propelling more
and more Americans into the mainstream. But our work is not done. To keep the
strong economy in balance, we must stay committed to our strategies of fiscal
discipline and investing in training to upgrade the skills of all workers, from
those already on the job to the pools of untapped potential. The nation's
productivity and continued growth depend on it.
Archived News Release--Caution:
information may be out of date.
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