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Archived News Release--Caution:
information may be out of date.
For more information call: 202/219-8211.
The Goldilocks recovery -- not too hot, not too cold -- is
celebrating a happy new year. With unemployment down to 5.4 percent, and no
inflation in sight, the "misery index" -- the sum of the unemployment and
inflation rates -- is at its lowest level since 1972. And jobs in private
industry are growing at their fastest rate in a decade. President Clinton's
economic strategy continues to be a roaring success.
Now there's room for Goldilocks to get a raise. The surest
way to lift wages without inflation is the President's plan: equipping all
Americans with the skills they need to benefit from rising productivity and
robust growth.
In the months ahead, we hope the Republicans will join us
in sustaining this recovery and improving the living standards of middle class
families.
Archived News Release--Caution:
information may be out of date.
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