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The last time the unemployment rate fell to 4 percent or lower was in 2000, the last year of Bill Clinton's presidency. The jobless rate fell to 3.8 percent in April of that year. President George W. Bush saw unemployment fluctuate during his presidency from 4.2 percent at the start of his administration to above 7 percent at its end. Romney's goal falls into line with government economists' predictions. The Office of Management and Budget projects that the country could see an unemployment rate below 6 percent in 2016. Economists predict the fiscal year that begins on Oct. 1, 2016
-- at the end of the next presidential term -- would see 5.8 percent unemployment. "I can tell you that over a period of four years, by virtue of the policies that we'd put in place, we'd get the unemployment rate down to 6 percent and perhaps a little lower," Romney told Time.
[Associated
Press;
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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