Unemployment is already currently 15-20%. Anyone who's buying their current 5% number, must also believe in the Easter Bunny and Santa Clause.
Are that many around you not working? Where do you live?
He lives somewhere on Planet Earth and he is correct.
There are a hell of a lot of Americans not working; about 95 million of them. It's been all over the internet so I don't know how anyone could be surprised. The problem with unemployment statistics is that the picture looks either good or bad depending on how you count the unemployed. The 5% figure includes those who are actively seeking employment; however it does not include those who have become discouraged and quit looking for work. This manner of calculating unemployment is disingenuous at best. Certainly those who have given up looking for work are just as unemployed as those who are still looking. The unemployment figures also do not show how many are underemployed. Most of the jobs created under Obama are either government jobs or part-time jobs. Nothing worth celebrating here, folks.
At any rate, for those who are not aware of the labor participation rate and who doubt what I have written, here is a a link for you:
“The final jobs report of the Obama presidency, released Friday, shows that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009, when Obama took office, continuing a long-term trend that began well before Obama was sworn in.
“In December, according to the Labor Department’s Bureau of Labor Statistics, a record 95,102,000 Americans were not in the labor force, 47,000 more than in November; and the labor force participation rate was 62.7 percent, a tenth of a point higher than in November.”
Record 95,102,000 Americans Not in Labor Force; Number Grew 18% Since Obama Took Office in 2009
According to the above report, the number of Americans not in the labor force has increased by over 14.5 million under Obama. If you did not know this you are getting your news from an unreliable source. Most of the MSM presents the news in the way that is most favorable to the Obama administration. They have been known to hide the truth and even to lie. Try Drudge Report at this link:
DRUDGE REPORT 2017®