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Archived News Release--Caution:
information may be out of date.
President Clinton and Vice-President Gore came to office
eight years ago and pledged to fight for a better, stronger, more inclusive
economy. They kept their promise by putting in place a new economic strategy
based on fiscal discipline, investment in our people, and open markets.
We all know the results: the longest and strongest period
of economic growth in our nation's history. More than 22 million new jobs have
been created. We now have the lowest unemployment rates in thirty years, the
lowest African-American, Hispanic and teen unemployment rates on record, and a
historic shift from the biggest budget deficits in our history to the biggest
surpluses in history.
The unemployment rate for the month of December was 4.0
percent--unchanged from last month. The unemployment rate has been at or below
4.1 percent for the past 15 months.
Today's report shows a gain of 105,000 net payroll jobs in
December, an increase of 49,000 in the private sector. Job growth continued in
many service industries, including health, social services, computers,
engineering and management.
This has been an economy that has lifted the lives and the
hopes of more Americans than any other period in our history. Our challenge
ahead -- and our responsibility -- is to ensure an America where every worker
can share in the gains of a growing economy.
Archived News Release--Caution:
information may be out of date.
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