NORTH CAROLINA IS MOVING FORWARD WITH MORE JOBS AND TRADE
North Carolina Is Moving In The Right Direction
Unemployment Is Down. The unemployment rate in
North Carolina has declined from 5.5% in January 1993
to 3.7% in July 1997.
Over 440,000 New Jobs In North Carolina.
440,100 new jobs since 1993 -- employment growth nearly 3
times as fast as in the four years before President Clinton took office.
Exports From North Carolina Are Up 80%. In the
first 6 months of 1997, North Carolina's goods exports
were running at a rate of nearly $15 billion -- up 80% since 1992. North
Carolina's exports of manufactured
products increased 74% from $7.8 billion to $13.6 billion in 1997*.
174,100 Jobs In North Carolina Are Supported By
Trade. Jobs supported by goods exports increased 45% --
up 53,600 to 174,100 in 1997*-- paying an average of 15% more than
non-trade related jobs.
Apparel Product Exports Are Up 155%. Apparel
exports have increased 155% since 1993 from $600 million
to $1.6 billion in 1997*-- creating more higher paying jobs for more
people in North Carolina.
50,000 New Construction Jobs In North Carolina.
49,600 new construction jobs -- after falling by 16,400
during the four years before President Clinton took office.
Household Incomes Are Up $1,800 In North Carolina.
Since 1992, median household income in North
Carolina has increased by $1,813 -- from $30,166 in 1992 to $31,979 in
* All figures for 1997 are annualized based on exports for the first 6 months.
America Is Moving In The Right Direction; Now Is Not The Time To Turn Back
President Clinton's three part economic strategy of cutting the
deficit, investing in our people through education and
training and opening more markets to U.S. goods is working. Now is the
time to continue that progress by renewing
fast track authority to help create more jobs that pay more.
13 Million New Jobs. The economy has created nearly
13 million new jobs under President Clinton. Private
sector job growth rate nearly 8 times greater than during previous
Unemployment Rate Down To 24-Year Low. In 1992, the
unemployment rate was 7.5%. Today it is under
5% -- as low as it's been at any time in the last 24 years.
1.7 Million New Export-Related Jobs -- Paying On Average 15%
Higher Wages. Since President Clinton
took office, the number of export-related jobs has increased by 1.7
Family Income Up $1,600. After stagnating for 20
years, family incomes are rising again. Since 1993, the
income of the typical American family increased by $1,631, after
adjusting for inflation.
Exports Are Up By Nearly 50%. Since the beginning of
1993, exports from the U.S. have grown by nearly
50% -- up $318 billion -- after adjusting for inflation. Exports have
accounted for 38% of the overall growth in
the economy since 1993.
Renewed Growth In Key Industries. After a decade of
enormous job losses in construction, manufacturing,
and autos, these industries have made a remarkable recovery -- more than
one million new jobs combined under
Smallest Deficit Among Major Economies. Under
President Clinton, the deficit has been cut by more than
80% -- from a record $290 billion in 1992 to an expected $37 billion this
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