White House Says 8.5 Million New Jobs Created Since 1993

WASHINGTON (AllPolitics, April 23) -- The White House says 8.5 million jobs have been created since President Bill Clinton took office in January 1993.

A report released today by the president's Council of Economic Advisers and the Department of Labor says that two-thirds of the new jobs pay above median wages and that the vast majority of the new jobs are full-time.

The report, which the president's political aides will use to try to bolster his re-election prospects, also says the share of workers holding multiple jobs has remained roughly the same since the late 1980s.

White House officials say the report will debunk dire Republican predictions in 1993 that the president's budget and economic policies would hurt the economy and job creation.

But reflecting widespread job uncertainty around the nation, the report also acknowledges that long-term challenges remain. Between the 1970s and early 1990s, it says, real wages have stagnated and income inequality has widened. And it notes that large numbers of workers are being displaced during this period of dynamic economic change, including widespread corporate downsizing.

The report says that displacement rates for older, white-collar and better-educated workers have risen, although they remain low relative to those for younger, blue-collar and less educated workers. This would appear to be a change over the past 15 years.

Americans Think Economy Is Healthier -- April 15, 1996

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White House Says 8.5 Million New Jobs Created Since 1993

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