THE WHITE HOUSE
Office of the Press Secretary
LABOR DAY, 1999
Warm greetings to all Americans across our country as we celebrate Labor Day.
For more than a century, we have set aside this day to honor our nation's working men and women whose energy, talent, creativity, and determination have built the foundations of freedom and prosperity that generations of Americans have enjoyed. Through the decades, America's workers have built a strong economy and strived to bring justice and dignity to the workplace.
Today all Americans owe a debt of gratitude to our nation's labor force. Since 1992, we have experienced the longest peacetime economic expansion in American history, with nearly 20 million new jobs, wages rising at twice the rate of inflation, the highest percentage of home ownership, the shortest welfare rolls, and the lowest peacetime unemployment rate since 1957. We have fully restored fiscal soundness to the federal budget, with a budget surplus of at least $99 billion -- the largest dollar surplus in American history.
With America's robust economy, we have the opportunity -- and the responsibility -- to address the needs of our nation's working families. We must take advantage of this unique moment in time to reform Social Security and Medicare to preserve them for our children. We must ensure that these programs are there for our children in the 21st century just as they were there for our parents and grandparents in the 20th century. And we must raise the minimum wage to make certain that our workers are able to earn a decent income.
As we observe this last Labor Day of the 20th century, let us rededicate ourselves to this important effort. On behalf of a grateful nation, I salute America's working men and women and send best wishes for a wonderful holiday.
WILLIAM J. CLINTON
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