So was the unemployment rate falling. What's your point? In all fairness, perhaps this wasn't the best example. The official unemployment rate (U3) isn't the

So was the unemployment rate falling. What's your point? In all fairness, perhaps this wasn't the best example. The official unemployment rate (U3) isn't the most reliable thing: not only can it be revised in subsequent months, but individuals who no longer qualify for unemployment insurance (but are still looking for work) are no longer counted as "unemployed". The U6 number is slightly more reliable, but is seldom reported as it is not as politically convenient.