Here is actually Obama's record on jobs

President Trump cited a misleading statistic to cast the job market as weaker than the idea truly is actually.

“Tonight, as I outline the next steps we must take as a country, we must honestly acknowledge the circumstances we inherited. Ninety-four million Americans are out of the labor force,” Trump said Tuesday night.

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Here’s the real deal on of which stat: Some 95.1 million people are not inside the labor force, nevertheless the vast majority of them don’t want a job, according to the most recent quarterly data by the Atlanta Federal Reserve. Some 44.1 million are retired, 15.4 million are disabled, 12.9 million are taking care of a family member as well as another 15.5 million are in college or job training. They are listed as not wanting a job.

Related: Trump as well as jobs: A running fact check

About 5.5 million Americans are either marginally attached to the job market — people who are not inside the labor force who have looked for a job inside the past year — or want a job nevertheless stopped looking over a year ago.

Some economists argue of which the official unemployment figure — 7.6 million in January — understates the true state of the job market because the idea only counts people who are out of a job as well as have looked for work inside the past four weeks.

What is actually the ‘real’ unemployment rate?

The common measure of unemployment — which has been the same for several decades — is actually 4.8%. The leaders of the U.S. central bank, the Federal Reserve, say an unemployment rate This particular low means the U.S. economy is actually near “full employment,” meaning the unemployment rate can’t go down much more.

Related: What Wall Street wants to hear by Trump

A wider measure of unemployment includes people who’ve left the labor force nevertheless want a job, as well as part-timers who want full-time positions. of which rate stands at 9.4%, the lowest since 2008. of which wider measure peaked in 2010 at 17.1, according to the Bureau of Labor Statistics.

sy88pgw (brand-new York) First published February 28, 2017: 10:52 PM ET


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