Do you consider it “progress” if the unemployment rate drops, not necessarily because very many jobs were created but because hundreds of thousands of Americans gave up the job search and therefore were not technically counted by the federal government as “unemployed”?
We don’t.
In fact, that sounds more like a cynical exercise in numbers charades.
But that is what happened in November, so the slightly lower rate of joblessness unfortunately is not a big cause for celebration.
Here are the numbers from the U.S. Department of Labor: