By the mid-late 1990s, under Bill Clinton's presidency, economic optimism had returned to the U.S., with unemployment reduced from 7.5% in 1992 to 4% in 2000. Younger members of Gen X, straddling across administrations, politically experienced a "liberal renewal". In 1997, "Time" magazine published an article titled "Generation X Reconsidered", which retracted the previously-reported negative stereotypes and reported positive accomplishments, citing Gen Xers' tendency to found technology start-ups and small businesses as well as their ambition, which research showed was higher among Gen X young adults than older generations. Yet, the slacker moniker stuck. As the decade progressed, Gen X gained a reputation for entrepreneurship. In 1999, "The New York Times" dubbed them "Generation 1099", describing them as the "once pitied but now envied group of self-employed workers whose income is reported to the Internal Revenue Service not on a W-2 form, but on Form 1099".