Quote:
Originally Posted by Robbie
Over 40% of the people of age to be in the workforce are unemployed. The workforce percentage of employed people is at historical lows (they don't tell you that with the new way they count "unemployment rates").
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We use the U3 unemployment rate as the official rate. We always have; This is the standard.
But if you insist, let's compare other formats. Let's compare U3 to U5 and U6 - same thing. We peaked in 2010, and it's come down since.
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The truth is Republicans try to scare us saying "the real unemployment rate isn't 5%, it's 10%". That's a scare tactic meant to make Obama look bad, and it's wrong. The truth is the U6 unemployment rate peaked at 17% in 2010, and has almost been cut in half since then.
The reality is that unemployment in all cases is coming down since peaking at 2010.
If you want to compare apples to apples, let's do that. The current U6 unemployment rate is 9.9%. In September of 2003 it was 10.2%. In other words, currently we are doing better with the U6 unemployment rate after the recession under Obama than we were doing long before the recession under Bush.
Not good enough for you? Great, let's compare the U5 rate. Currently it's 6.1%. In June of 2003 it was 7.2%.
No matter how you look at it, the unemployment rate across the board is better under Obama after the recession than it was under Bush long before the recession. If that is not enough, unemployment by all measures continue to fall.