The Clinton-Gore
Economic Record, 1993-98

Economic Indicator Before After Six Years
Budget Deficit/Surplus $290 billion deficit in 1992 -- the highest dollar level in history First budget surplus in a generation -- the largest dollar surplus on record
Job Growth Previous Administration: worst record since the Great Depression 17.7 million new jobs -- with the highest percentage in the private sector in 50 years
Unemployment 7.5% in 1992 4.5% in 1998 -- the lowest in 29 years and lowest peacetime rate in 41 years
Median Family Income
(Adjusted for Inflation) 		Down $1,835 from 1988-1992 Up $3,517 since 1993
Real Hourly Wages Down 5% from 1981-1992 Up about 2.5% over past year -- the fastest real wage growth in over 20 years
Private-Sector Growth
(Average Annual Rate) 		2.4% from 1981-1992 3.9% -- the fastest rate since Johnson was President
Business Investment
(Producer's Durable Equipment Average Annual Growth Rate) 		1.9% from 1988-1992 12.1% -- the fastest rate since Kennedy was President
Federal Government Spending
(As A Share of GDP) 		Up from 21.7% in 1980 to 22.5% in 1992 Cut from 22.5% in 1992 to 19.6% in 1998 -- lowest level in 25 years
Welfare Rolls 14.1 million people on welfare in Jan. 1993 8.4 million people on welfare -- down 41% since 1993 -- lowest percentage since 1968
Inflation
(Average Annual Rate) 		4.2% from 1981-1992 2.5% -- the lowest since Kennedy was President
Homeownership Rate Down, from 65.4% in 1981 to 64.2% in 1992 7.4 million new homeowners -- the highest homeownership rate in history (66.8% in 3rd qtr of 1998 )
Auto Production 1992: Trailed Japan for 13th consecutive year World's #1 auto producer for five years in a row
Competitiveness 1992: Trailed Japan, Germany, Denmark, and Switzerland World's most competitive economy for five years in a row

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