OKLAHOMA IS MOVING FORWARD WITH MORE JOBS AND TRADE
Oklahoma Is Moving In The Right Direction
Unemployment Is Down. The unemployment rate in
Oklahoma has declined from 5.8% in January 1993 to
3.8% in July 1997.
156,600 New Jobs In Oklahoma. 156,600 new jobs
have been created in Oklahoma -- job growth nearly twice
as fast as the four years before President Clinton took office.
Exports From Oklahoma Are Up 10%. In the first
6 months of 1997, Oklahoma's goods exports were
running at a rate of $3.2 billion -- up 10% since 1992. Oklahoma's
exports of manufactured products were also
up 34% from $2.2 billion to $2.9 billion in 1997*.
38,000 Jobs in Oklahoma Are Supported By Trade.
37,700 jobs in Oklahoma are supported by goods
exports in 1997* -- paying an average of 15% more than non-trade related
Chemical Products Exports Are Up 157%. Chemical
Products exports have increased 157% since 1993 from
$145.5 million to over $374.4 million in 1997*-- creating more higher
paying jobs for more people in
Almost 12,000 New Manufacturing Jobs In Oklahoma.
11,900 new manufacturing jobs have been created in
Oklahoma since 1993 -- job growth nearly three times as fast as the four
years before President Clinton took
* 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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