One statistic does not a booming economy make.
Im not saying things are not better. But many stats for the economy are still derived by ignoring much of the same stuff the obama economy ignored when they did their stats, amd those that did the stars before them. Namely the people unemployed and no longer looking. Its a huge number. but its not taken into account in many stats.
We have done the stats this way for a very long time -- decades that I can remember.
No it is not perfect, I see the same flaws that you do, but as a comparison of economic well-being that lasts over a time frame of my entire life, there is no better measure. It is at least the same from administration to administration.
Right now is the best short-term economic situation of my adult life, 73 last month. One more year and it will be the best long-term economic situation of my adult life, and probably of any person alive.
I am praying for a red wave in November.