Now, that's U3 which I'm not a fan of. U6 is a much better measure. Still quite high but it's at it's lowest since 2008.
As I've said numerous times; this is a very slow, sub-optimal recovery. It certainly could be a whole heck of a lot better if the government would get the hell out of the way. That goes for both sides of the aisle who are equally worthless.
I wasn’t talking about the “un”-employment rate - that’s about as good an example as you’ll get of “lying with statistics”.
I was talking about the “em”-ployment RATE - flat at Carteresque levels for five years.