THE WHITE HOUSE AT WORK



Friday, June 5, 1998

THE CLINTON ADMINISTRATION:
16 MILLION NEW JOBS, UNEMPLOYMENT AT A 28 YEAR LOW

"Our strong economy is the product of the hard work, creativity, and the innovative spirit of the American people. It is also the fruit of the comprehensive economic strategy we put in place in 1993 -- an economic strategy for the Information Age."

President Bill Clinton

Today, figures were released showing that the unemployment rate remained steady at 4.3% in May, its lowest level since 1970. In the month of May alone, our economy added 296,000 new jobs, wages continued to rise, and inflation remained low and stable.

The Strongest Economy In A Generation. President Clinton's three-part economic strategy -- cutting the deficit, investing in our people, and opening new markets to American goods and services -- is working for America's families. Since 1993 it has helped bring about:

The Balanced Budget: Building On Success. The President's agenda builds on this record. His plan calls for projected budget surpluses to be reserved pending Social Security reform, but provides targeted tax relief for child care, education, and the environment -- all fully paid for. These targeted tax relief efforts would:



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