Uh, yeah. It's at 4.6% and declining. The lowest it's been in 5 years and almost at the point of the 1999 4.2% that Clinton "lovers" point to. Please get the facts straight.
The unemployment rate is a misleading indicator for economic health, because it does not take into account the people who have run out of unemployment benefits, only the new unemployment claims.
MoW,
Kloos is right, but he didn't mention the several categories of people that the unemployment numbers do not take into account:
1) People who have stopped looking for work, have dropped out of the labor market and are living off of savings or in their parents' basement.
2) People who have not been able to find jobs and instead of continuing to look, have retired, even though they would liked to have kept working.
3) People who want to be employed full time but only get 20 or 30 hours a week.
4) The underemployed -- people with Ph.D.s that take jobs in a nonprofessional field for a fraction of what they used to make.
4.6% my foot.