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Archived News Release--Caution:
information may be out of date.
For more information call: (202) 219-7317
"As we begin the month of March, our economy continues on the march.
Today we have 15 million more reasons why America is working.
"The February Employment Situation Report shows that since President
Clinton took office, over 15 million new jobs have been created--93% have been
in the private sector. More Americans are working today than ever before.
"Last month's unemployment rate was 4.6 percent. The unemployment rate
has been below 5.5% for over 2 years--and at 4.7 or below since November.
"Today's report also provides clear evidence of strong job growth
throughout the economy with payroll employment rising by 310,000. In the
services industry, employment rose by 146,000. Job growth continued in
engineering and management services, computer services and health services.
"This marks the second month that the report includes data that shows
the correlation between education and employment. Unemployment for non-high
school graduates continued its decline--dropping over 20 percent in the last
year. That's a welcome sign, but it's still well above the unemployment rate of
college graduates.
"When it comes to earnings and employment, the difference is in
degrees--education degrees.
"We still have work to do, but America is on the right track. As our
economy expands, so does opportunity for more Americans. The President's
strategy of fiscal responsibility and sound investments is reaping big
dividends for our country. Our economy is on the march."
Archived News Release--Caution:
information may be out of date.
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