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THE WHITE HOUSE

Office of the Press Secretary


For Immediate Release July 7, 2000
     THE AMERICAN ECONOMY HAS CREATED MORE THAN 20 MILLION PRIVATE-
      SECTOR JOBS UNDER PRESIDENT CLINTON AND VICE PRESIDENT GORE

The American Economy Has Created Over 22 Million Jobs Since January 1993, With More than 20 Million Created in the Private Sector. In 1992, when Bill Clinton was elected President, the American economy was barely creating jobs, wages were stagnant, and the unemployment rate was 7.5 percent. President Clinton's bold, three-part economic strategy has focused on three objectives: fiscal discipline, investing in education, health care, science and technology, and opening foreign markets. This strategy has contributed to the longest economic expansion in U.S. history.

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