Macroeconomic Overview, February 1997

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…showed last 75 words of 1475 total…his attempt to balance the budget by 2002. Economists say Clinton is right on track with his proposals. Areas that are being hit hard are: Medicare, Defense, and Welfare (check chart one for breakdown). Also new, the unemployment breakdown came out and the economy has not lost a step. Despite the unemployment rate increasing from 5.2% to 5.3%, there is no fear of inflation. Payrolls also showed growth while the labor force expanded and the workers' hours decreased.