Remember, this comment about the $787 billion Stimulus package. At this point, unemployment was supposed to be 5.2%. This figure came directly from the Obama administration. We are at 7.9% which is higher than when he took office.
President Obama keeps saying the same thing, "We created 5 million new jobs." He does not tell you that he is counting the increase from where the econony bottomed out. There are still 23 million Americans out of work. When you are in a hole, climbing up does not change the fact that you are still in a hole.
The Bureau of Labor Statistics' U-6 number, which totals the unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force, is 14.6%.
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