Unemployment Rate Breaks 4 Perscent Barrier for the First Time in Over Three Decades


THE WHITE HOUSE
Office of the Press Secretary


For Immediate Release May 5, 2000



UNEMPLOYMENT RATE BREAKS 4 PERCENT BARRIER FOR THE FIRST TIME IN
OVER THREE DECADES

Today, the Bureau of Labor Statistics Released a New Employment Report Showing that the Unemployment Rate Has Fallen to 3.9 Percent -- the Lowest In Over Three Decades. The American Economy Has Created Over 21 Million Jobs Since January 1993. In 1992, when Bill Clinton was elected President, the American economy was barely creating jobs, wages were stagnant, and the unemployment rate was 7.5 percent. President Clinton’s bold, three-part economic strategy has focused on three objectives: fiscal discipline, investing in education, health care, science and technology, and opening foreign markets. This strategy has contributed to the longest economic expansion in U.S. history.




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