When President Obama took office in January 2009, 80,529,000 Americans were not in the labor force, the highest number on record. That number rose steadily during his two terms, reaching a record 95,055,000 in November 2016, then setting another record (95,102,000) in December.
80 mill to 95 mill, hmm:
Last month, a record 152,111,000 Americans were counted as employed, up 63,000 from November; and the number of unemployed stood at 7,529,000, an increase of 120,000 from the prior month.
But people who stop looking for a job are no longer counted as unemployed.
They don’t count.
In an interview with a Chicago reporter yesterday, Obama said he has done “an enormous amount” to create greater economic opportunity for Americans.
“I took an economy that was about to go into a Great Depression, and we’ve now had a little over six years of straight economic job growth, an unemployment rate that’s down below 5 percent, and incomes that have gone up and poverty that has gone down.”
And the reporter asked about the people who don’t count, as above. (Just kidding, OK?)