SOUTH DAKOTA IS MOVING FORWARD WITH MORE JOBS AND TRADE
South Dakota Is Moving In The Right Direction
Unemployment Is Down. The unemployment rate in
South Dakota has declined from 3.5% in January 1993
to 2.7% in July 1997.
Over 40,000 New Jobs In South Dakota. 42,400
new jobs have been created in South Dakota since 1993.
Exports From South Dakota Are Up 148%. In the
first 6 months of 1997, South Dakota's goods exports were
running at a rate of $472 million -- up 148% since 1992. South Dakota's
exports of manufactured products were
also up 104% from $224 million to $457 million in 1997*.
5,600 Jobs In South Dakota Are Supported By
Trade. Jobs supported by goods exports increased 100% --up
2,800 to 5,600 in 1997*-- paying an average of 15% more than non-trade
Industrial Machinery and Computer Exports Are Up
102%. Industrial Machinery and Computer exports
have increased 102% since 1993 from $71.4 million to over $144.3 million
in 1997*-- creating more higher
paying jobs for more people in South Dakota.
12,000 New Manufacturing Jobs In South Dakota.
12,000 new manufacturing jobs have been created in
South Dakota since 1993 -- double the number created in the four years
before President Clinton took office.
Household Income Has Increased By $1,054. Since
1992, real median household income in South Dakota
has increased to $28,525, from $29,578.
* 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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