Celebrating the 19th Amendment/Closure Notices

On August 6, join AmericasTownHall virtual celebration "The 19th at 100!" Presented with All in Together, 19th News, the US National Archives, and presidential libraries, a group of women luminaries, and other leading figures will discuss the past, present, and future of women’s equality. The celebration occurs on August 6, 4:00 pm-6:00 pm PDT, to register for this free online event, please see the invitation at https://www.eventbrite.com/e/19th-amendment-past-present-and-future-tick...

LIBRARY CLOSURE

We're sorry. Due to the coronavirus public health emergency, the Ronald Reagan Presidential Library & Museum will be closed to the public beginning March 14th until further notice. This includes docents, volunteers and interns. We will continue to respond to written reference requests at reagan.library@nara.gov. Please check our website, reaganlibrary.gov or www.archives.gov/coronavirus  for updates on our operating hours and status.

All public events at the Reagan Library facilities are cancelled until further notice. This includes in-person public programs, tours, school group visits, public meetings, external conferences, and facility rentals. Where possible, we will conduct public events and outreach activities online and through virtual meetings. For online education information, please see our educational resources.

Notice to NARA Researchers and FOIA Requestors

Due to the COVID-19 pandemic and pursuant to guidance received from the Office of Management and Budget (OMB), NARA has adjusted its normal operations to balance the need of completing its mission-critical work while also adhering to the recommended social distancing for the safety of our staff.  As a result of this re-prioritization of activities, you may experience a delay in receiving an initial acknowledgment as well as a substantive response to your reference or FOIA request or appeal.  We apologize for this inconvenience and appreciate your understanding and patience.  Read more on how NARA is addressing COVID-19 (coronavirus) https://www.archives.gov/coronavirus

RESEARCHERS: Please see a "Letter to Researchers" from the Archivist of the United States for a further update.

 


 

Remarks to Reporters on Unemployment and the Economy

August 7, 1987

I know you all think here this morning I'm here to talk about the unemployment rate -- I am, and to make a general point about the economy, as well. Total employment rose in July by 472,000, and to make a general point -- well, and unemployment fell by 36,000. And that means the unemployment rate went down another tenth of a point, to 5.9 percent, breaking for the first time in 8 years the 6 percent mark. And I think it's particularly important to point out that this breakthrough of the 6 percent mark does not occur in a hyperinflated economy as it did in 1979 but is based instead on sound growth and steady, long-term job creation.

Now, the below-6-percent figure is remarkable news. I think all of you can recall there were those who said that low rates of unemployment coupled with low rates of inflation were simply unattainable. In addition, this is another record for the total number of people employed in this country, again pointing to a solid start for the economy in the third quarter, all of which goes to the larger point that I want to make today. Yesterday in this room, the Chairman of our Council of Economic Advisers, Beryl Sprinkel, went through with you the economic statistics for this year and the revised numbers for the past 3 years.

As Chairman Sprinkel said, these figures indicate that the economy is performing well at 1987 and performed even better than thought during the preceding 3 years. Our trade balance is better. Employment is growing, and unemployment falling. And after a temporary increase earlier this year, inflation is returning to the 4 percent range that we've seen during most of this expansion. All of this is excellent news for the American economy and for the American people.

The days of economic stagnation are not a distant memory to the American people. They're vitally aware of the importance of maintaining America's prosperity and never again returning to the days of high inflation, climbing interest rates, growing unemployment, and no growth. And that's why it was the right decision to take to the country the message I have during the past 6 months: that deficit spending, tax increases, and protectionism threaten our hard-won prosperity.

I believe this is a message the American people are responding to. I believe they want to check the tendency to overspend and overtax, and I believe that, as they see continued economic growth in the months and years ahead, the American people will support our efforts through the Economic Bill of Rights to institutionalize sound growth and economic reform and to prevent the excesses of big government that jeopardize prosperity.

And now, having said that, I'm not going to take any questions, and I'm going to stop interrupting Marlin's news briefing here.

Note: The President spoke at 10:02 a.m. in the Briefing Room at the White House. In his closing remarks, he referred to Marlin Fitzwater, Assistant to the President for Press Relations.