The Clinton/Gore Economic Record: Continued Strong Growth Across the Board

THE CLINTON/GORE ECONOMIC RECORD:
Continued Strong Growth Across the Board
November 4, 1999

 

After Six Years, The Results of President Clinton and Vice President Goreís Economic Leadership for the American People Are Clear. Six years ago, President Clinton and Vice President Gore put in place a bold new three-part economic strategy of cutting the deficit to help reduce interest rates and spur business investment; investing in education, health care, science and technology so that America was prepared to meet the challenges of the 21st century. Today, many more Americans are sharing in the new economic prosperity and joining the circle of opportunity.

Deficit Eliminated: The First Budget Surplus in A Generation

Faster Economic Growth: 3.8% Per Year

Private-Sector Growth Is Up: 4.3% Per Year

Equipment and Software Investment Is Fueling Strong Growth: Fastest On Record

Jobs Are Up: 19.4 Million Created Since January 1993

Unemployment Is Down: The Lowest Peacetime Rate in 29 Years

Unemployment for African Americans Declined Dramatically

Unemployment for Hispanics Recovered From Record Highs to Achieve Record Lows

Real Wages Rising Again: Fastest Growth in Two Decades

Real Wages for African Americans Rising Sharply After A Decade of Decline

Real Wages for Hispanics Rising After A Decade of Sharp Decline

Poverty For African-Americans Dropped to Lowest On Record

Poverty For Hispanics Dropped to Lowest Since 1979

Family Income Up More Than $5,000 Since 1993

Welfare Rolls Dropped Dramatically: Lowest Since 1970

Homeownership Is Up: The Highest in American History

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