|
 Printer-Friendly Version
Archived News Release--Caution:
information may be out of date.
For more information call: (202) 219-8211
Our economy isn't just humming, it sings.
As we enter the commencement season, our economy has earned a place on
the honor roll. That's great news for graduates and for all Americans.
The April Employment Situation Report shows last month's unemployment
rate was 4.3 percent--the lowest in 28 years.
Job growth continues at a steady, solid pace--and more Americans are
sharing in that prosperity. I am particularly pleased that unemployment rates
for Hispanics and African-American teens are at an all-time monthly low. This
clearly indicates the strength of our economy is across the board. It isn't
just deep, it's wide.
Overall payroll employment rose by 262,000 in April. Growth was strong
in the high technology, information sectors. Employment in computer services
grew by 20,000; engineering and management rose by 19,000; and 30,000 jobs were
added in finance, insurance and real estate.
President Clinton's economic strategy is working and moving America into
the 21st century. Our economy isn't just making history--it's helping all
Americans make it into the new economy.
Archived News Release--Caution:
information may be out of date.
| 
