THE WHITE HOUSE
Office of the Vice President
|For Immediate Release|| ||May 14,1998|
STATEMENT OF VICE PRESIDENT GORE ON TODAY'S ECONOMIC NEWS
Today's report shows that, as the economy remains strong, inflationremains low and realaverage hourly wages continue to grow at record levels.
Since our Administration took office, the inflation rate has been atits lowest level in threedecades. At the same time, the unemployment rate is at its lowest level in 28 years. All of this isgood news for America's families.
Also good news for families is today's report on real average hourlywages. Up 2.9 percentover last year, they are growing at the fastest rate in a quarter-century. Americans continue to havemore money in their pockets.
To keep this good news coming and our economy on the right track, thePresident and I arecommitted to continuing our three-part economic strategy of fiscalresponsibility, investing in ourpeople, and tearing down trade barriers to American goods.