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Archived News Release--Caution:
information may be out of date.
For more information call: (202) 219- 8211.
Amid today's economic statistics, one number stands out:
seven. On the seventh day of the seventh month, we've learned the country has
reached the seven million job mark in the Clinton Presidency. Since January
1993, the economy has added seven million new jobs -- ahead of schedule in
fulfilling the President Clinton's pledge of eight million jobs in four
years.
In June, the economy added 215,000 new jobs -- as the
unemployment rate dropped to 5.6 percent, with no sign of wage- push inflation.
Although one should always be cautious in interpreting one month's figures, job
growth in the construction and service industries was robust. But manufacturing
jobs declined for the third straight month.
As always, the President remains committed to ensuring
that the healthy economy touches the lives of all Americans. And so he will
continue his effort to balance the budget while boosting investments in
education and job training.
Archived News Release--Caution:
information may be out of date.
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