this post was submitted on 18 Jan 2024
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[–] Aceticon@lemmy.world 6 points 9 months ago* (last edited 9 months ago)

I'm not sure what's the case now, but I keenly remember how Obama "decreased" unemployment by having lots of people being counted as "out of the job market" instead, hence they were not counted for the official unemployment figure.

You can actually see the growth in the latter number correlated with the fall in the former if you look at the graphs with the data from back then.