December 3, 1999: 20 Million New Jobs


"With today's new numbers, we have truly crossed a remarkable threshold: 20 million jobs -- thanks to the hard work of the American people, and the economic policies we have pursued...If we want our current prosperity to continue into the 21st century, we must continue to encourage the creation and spread of new technologies in our own economy."

President Bill Clinton
Friday, December 3, 1999

Today, at the White House, President Clinton announced that, since he took office in January 1993, our economy has created over 20 million new jobs Most of these new jobs are private-sector, high-wage, full-time positions which are dispersed across the nation and among all races and classes of Americans. The President also highlighted important new steps to spur high-tech economic growth and improve our ability to compete in global markets.

20 Million New Jobs Created under the Clinton-Gore Administration. In 1993, when President Clinton took office, the American economy was barely creating jobs, wages were stagnant, and the unemployment rate was 7.5 percent. Due in large part to the President's three-part economic strategy of fiscal discipline, investing in the American people, and opening markets abroad, we are enjoying the longest peacetime economic expansion in the nation's history. Today, President Clinton announced the findings of a report by the Department of Labor and the Council of Economic Advisers that show that under his leadership:

Highlighting Progress Toward a High-Tech Economy. Noting that the information technology sector alone has been responsible for one-third of our economic growth, and that high-tech jobs pay nearly 80% more than the private-sector average, President Clinton emphasized the importance of investing in new technology to maintain America's prosperity into the next century. The President highlighted important steps he has taken, through negotiations with Congress, to boost high-tech investment and innovation:

December 1999

President Clinton Ratifies the New ILO Convention on the Worst Forms of Child Labor, December 2, 1999

December 21, 1999

December 3, 1999: 20 Million New Jobs

December 6, 1999

December 7, 1999

December 9, 1999

December 10, 1999

December 13, 1999

December 14, 1999

December 14, 1999: The Government is Y2K Ready

December 17, 1999

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