Tag : Obama’s legacy

Written on Nov, 04, 2016 by in | Leave a comment
Source: US Bureau of Labor Statistics Unemployment Rates

Hearing President Obama brag about a 5% unemployment rate, even laugh at critics, makes one wonder if he is actually starting to believe his own spin.  As he gloats he knows, or at least his staff knows, that the real unemployment rate is 9.7% according to the US government’s Bureau of Labor Statistics. He also knows that a smaller percentage of …

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Written on Nov, 02, 2016 by in | Leave a comment

The “5%” that the Obama administration touts as the unemployment rate, technically called the “U-3” rate, does not include people who are unemployed, but have temporarily given up. So, if the job market is bad enough, you can lower this number by moving people out of the job market and onto government assistance or family support, or by forcing them …

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