May 11, 1998



PRESIDENT CLINTON AND VICE PRESIDENT AL GORE:
UNEMPLOYMENT REACHES A 28 YEAR LOW

"It's obvious from this morning's announcement that America's economic engine is truly humming -- lower unemployment, higher wages, more jobs, and low inflation -- proof positive that all across the United States of America, we're headed in the right direction."

- Vice President Al Gore
May 8, 1998

On Friday, Vice President Gore announced that unemployment reached a 28 year low in April, falling to 4.3%. In the month of April alone, our economy added 262,000 new jobs, wages continued to rise, and inflation remained low and stable.

The Strongest Economy In A Generation. President Clinton's three-part economic strategy -- cutting the deficit, investing in our people, opening new markets to American goods and services -- is working for America's families. Since 1993 it has helped bring about:

The Balanced Budget: Building On Success. The President's agenda builds on this record. His plan calls for projected budget surpluses to be reserved pending Social Security reform, but provides targeted tax relief for child care, education, and the environment -- all fully paid for. These targeted tax relief efforts would: