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Archived News Release--Caution:
information may be out of date.
For more information call: (202) 219-8211 x118
Steady and solid -- these are the best ways to describe the best
American economy we've experienced in a generation. Today's employment
situation report heralds continued good news for our nation's working families
and shows clearly that our strong economy can weather any temporary storms.
The report shows an overall unemployment rate of 4.5 percent--unchanged
from last month. We continue to see impressive job growth in the fields of
finance, insurance and real estate. The summer season brings continued and
impressive employment gains in retail trade occupations, which rose by 125,000
and reflected particularly strong performance in eating and drinking
establishments. And as we have seen repeatedly in the past, knowing is indeed
growing . . . evidenced by the persistent job gains in the high-tech arena,
most notably in engineering, management services and computer services.
I'm pleased that today's report is released on the very same day that
the President is signing the Workforce Investment Act. It is in times like
these--when our economy is solid--that we must make targeted investments in our
nation's most precious resource . . . our people. The Workforce Investment Act
will empower all workers--young and old--with the skills and knowledge to build
better lives for themselves and their families as we enter the new century.
Archived News Release--Caution:
information may be out of date.
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