The unemployment rate has fallen to 6.1%, but only because the labor force shrunk again. I believe Fox News showed the real unemployment rate somewhere around 12%.
Hiring fell this month to far less than expected as well:
MARKET WATCH – Hiring in the United States slowed in August as the economy created just 142,000 jobs, marking the smallest gain since December.
The deceleration in hiring last month ended a six-month streak in which the U.S. added at least 200,000 jobs a month, the best stretch of job creation since 2006. The number of jobs created also fell well short of Wall Street’s forecast calling for a 228,000 gain.
…
The unemployment rate, meanwhile, fell a tick to 6.1% to match a six-year low. More people found work, but more Americans (64,000) also dropped out of the labor force. As a result, the labor-force participation rate dipped to 62.8% from 62.9% to match a 26-year low.
Obama’s economy still trying to recover from a recession we had 5 freaking years ago. There’s just no excuse for this type of failure.