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Archived News Release--Caution:
information may be out of date.
For more information call: (202) 693-4657
We can start our Labor Day weekend with the good news that unemployment,
at 4.2 percent, remains at a 30-year low. The good news continues for all
groups the unemployment rates for blacks, Hispanics and high-school dropouts
remain near record lows.
The service industry gained 132,000 new jobs in August, above average
growth for the past year. Business services accounted for about one-third of
that increase. Computer service jobs showed impressive growth demonstrating
once again that what you know affects how far you go.
We can enjoy this economic boom because President Clinton made the hard
choices of fiscal discipline, targeted investments and opening markets abroad.
As we look ahead, we must continue to make the right choices for
workers, employers and families to thrive. Workers must have the education and
training they need to be skilled for tomorrow's jobs; they must have the
flexibility to succeed at work and at home; and they need the skills and
understanding to embrace and value diversity.
Happy Labor Day.
Archived News Release--Caution:
information may be out of date.
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