|
 Printer-Friendly Version
Archived News Release--Caution:
information may be out of date.
For more information call: (202) 219-8211
Today's employment situation report is an early Christmas present for
the American economy. The 4.4% unemployment rate for November makes it clear,
as we enter the holiday season the Grinch has not stolen this economy. For the
17th consecutive month the U.S. unemployment rate is below 5% and this report
puts job creation during the Clinton administration over the 17 million
mark...a "double seventeens" for the nation.
Recent corporate announcements of job layoffs indicate shifts in the
global economy directly affect American workers. But, the fact that 267,000 new
jobs were created last month and that the service industry, construction,
retail and financial and real estate sectors had impressive growth, indicates
that America's fundamentals are solid, strong and stable.
We enter the new year, the last of this century, with the healthiest
economy in a generation. And with this good end of year report, we are reminded
of our 1998 New Year's resolution. In a dynamic and ever changing world
economy, this administration makes helping workers manage the change its top
priority.
Archived News Release--Caution:
information may be out of date.
| |
|
