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Originally Posted by Captain Kawaii
They never publish the real numbers anyway. 7.8% is less than half the real number. In some markets it's in the mid 20%. You have to go to state level to get the real numbers.
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They can't know for sure the real numbers, so they use data they actually can measure. According to Daily Finance though, if you ignore the labor statistics numbers, which are still valid in context as long as you understand what it is and most do.
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Bottom line: The numbers that matter in the U.S. economy are the total number of jobs and the number of jobs created, not the constantly massaged unemployment rate and not-in-labor-force numbers.
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If correct, in comparison then during these terms...
Clinton 1st term / +2.60%
Clinton 2nd term / +1.60%
Bush 1st term / +0.51%
Bush 2nd term / -0.84%
Obama 1st term / +0.84%