Since the real (U6) unemployment figure is closer to 16%, (15.6% for November) it’s more likely that the rate will be 18% next year, not 8%!!
Hey now, don’t doubt the man! He’s telling the truth here. As more and more long-term unemployed hit the end of their benefits and still can’t find work they also help out by no longer being counted as unemployed. What they are termed then is unclear, but they darn sure aren’t unemployed according to the Feds.
When there are fewer and fewer to count, it is a mathematical certainty that their made-up rate WILL go down in time for the elections.
REAL unemployment rate? Ain’t no such thing in the Obama administration! LOL