NEW MEXICO IS MOVING FORWARD WITH MORE JOBS AND TRADE
New Mexico Is Moving In The Right Direction
Unemployment Is Down. The unemployment rate in New Mexico has declined from 7.5% in January 1993 to 6.4% in July 1997.
95,600 New Jobs In New Mexico. 95,600 new jobs have been created in New Mexico since 1993 -- job growth nearly twice as fast as the four years before President Clinton took office.
Exports From New Mexico Are Up 1,203%. In the first 6 months of 1997, New Mexico's goods exports were running at a rate of $3.5 billion -- up 1,203% since 1992. New Mexico's exports of manufactured products were also up 776% from $394 million to $3.5 billion in 1997*.
41,000 Jobs In New Mexico Are Supported By Trade. Jobs supported by goods exports increased 948%-- up 37,000 to 40,900 in 1997*-- paying an average of 15% more than non-trade related jobs.
Electronic and Electric Equipment Exports Are Up 2,120%. Electronic and Electric Equipment exports have increased 2,120% since 1993 from $129 million to over $2,870 billion in 1997*-- creating more higher paying jobs for more people in New Mexico.
4,700 New Manufacturing Jobs In New Mexico. 4,700 new manufacturing jobs have been created in New Mexico since 1993 -- after only 200 manufacturing jobs have been created in the four years before President Clinton took office.
* 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 Administration.
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 million.
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 President Clinton.
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 year.
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