The achievement of all our goals depends on the first one that I mentioned-a strong and a growing economy. At the beginning of this administration, less than 4 months ago, our economy was still floundering from the worst recession in 40 years. The well-being of our people was squeezed between the twin pressures of high unemployment and inflation. That picture has already improved because we have restored the confidence of consumers and business. Last month, the number of Americans with jobs in the private sector of our economy went over 90 million for the first time in our country's history. Eight hundred thousand people have gone off the unemployment rolls since December. Half a million found jobs in April alone. Private surveys have shown that business investment plans for 1977 are up significantly, more than 15 percent, compared to 1976. Unemployment now stands at the lowest level in 29 months--down a full 1 percent since last November. But of course, you know and I know that a 7-percent unemployment rate is still completely unacceptable. We still have a long way to go.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "The achievement of all our goals depends on the first one that I mentioned-a strong and a growing economy. At the beginning of this administration, less than 4 months ago, our economy was still floundering from the worst recession in 40 years. The well-being of our people was squeezed between the twin pressures of high unemployment and inflation. That picture has already improved because we have restored the confidence of consumers and business. Last month, the number of Americans with jobs in the private sector of our economy went over 90 million for the first time in our country's history. Eight hundred thousand people have gone off the unemployment rolls since December. Half a million found jobs in April alone. Private surveys have shown that business investment plans for 1977 are up significantly, more than 15 percent, compared to 1976. Unemployment now stands at the lowest level in 29 months--down a full 1 percent since last November. But of course, you know and I know that a 7-percent unemployment rate is still completely unacceptable. We still have a long way to go." in the context of "" to mean that wisdom is timeless.