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Archived News Release--Caution:
information may be out of date.
For more information call: (202) 693-4650
Today's employment figures tell the continuing success
story of the American worker.
For the second month in a row, our nation's unemployment
rate is 3.9%. The rate has been at or below 4.1% for the past 13 months. We are
now in month 116 of the longest and strongest economic expansion in our
nation's history.
For October, we reached historic low Hispanic unemployment,
at 5.0%. The unemployment rate for adult women, at 3.4%, is the lowest since
1953. African American unemployment continues near record lows. Clearly this is
the people's prosperity, this is the people's progress.
This month, we saw impressive job gains in high tech, real
estate, transportation, health care, engineering and construction. As a matter
of fact, one out of every 10 new jobs created this year has been in the
construction industry. Employment in the federal government remains at the
lowest level since 1966.
Since January 1993, 22.4 million jobs have been created,
the vast majority in categories that pay above average wages.
Our national strategy of fiscal discipline, opening markets
and investing in people has created an economy that is lifting the lives and
the livelihoods of all our people.
Archived News Release--Caution:
information may be out of date.
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