--- title: "Meaning & Key Takeaway of: The unemployment rate is not real." description: "\"The unemployment rate is not real.\" — Steve Mnuchin" image: "https://sms4smile.com/quotes/i/53e/steve-mnuchin-9731_rate_the-unemployment-rate-is-not-real-216927_2169276.jpg" --- # The unemployment rate is not real. ![“The unemployment rate is not real.” quote by Steve Mnuchin](https://sms4smile.com/quotes/i/53e/steve-mnuchin-9731_rate_the-unemployment-rate-is-not-real-216927_2169276.jpg) [Download](https://sms4smile.com/quotes/i/53e/steve-mnuchin-9731_rate_the-unemployment-rate-is-not-real-216927_2169276.jpg) [Open image](https://sms4smile.com/quotes/i/53e/steve-mnuchin-9731_rate_the-unemployment-rate-is-not-real-216927_2169276.jpg) > “The unemployment rate is not real.” [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The unemployment figure may not fully capture job market realities, overlooking underemployment and labor force changes. **In simple terms:** Unemployment stats can be misleading. Key Takeaway Look beyond headline numbers. Themes economics labor market statistics Mood analytical critical Type informative analytical When to use this quote - business planning - career counseling - government reports Key Concepts employment metrics policy analysis Questions to Reflect On - What alternative measures better reflect job health? - How does underemployment affect economic policy? A Different Perspective Statistical data can be manipulated. ★ ★ ★ ★ ★ No ratings yet [Rate](https://sms4smile.com/quotes/about/rate/) [Rate Real](https://sms4smile.com/quotes/about/rate-real-4637463/) [Real](https://sms4smile.com/quotes/about/real/) [Unemployment](https://sms4smile.com/quotes/about/unemployment/) [Unemployment rate](https://sms4smile.com/quotes/about/unemployment-rate/) ## Related quotes > [Our tax policies, the tax relief and reform we passed in 2003 and 2005, helped get government out of the way of America's entrepreneurs,…](https://sms4smile.com/quotes/marsha-blackburn/our-tax-policies-the-tax-relief-and-reform-we-passed-in-2003-and-2005/) [Marsha Blackburn](https://sms4smile.com/quotes/author/marsha-blackburn/) > [I am actually quite encouraged and I think, actually, the UK is coping with globalisation a lot better than most other European countries. And…](https://sms4smile.com/quotes/george-osborne/i-am-actually-quite-encouraged-and-i-think-actually-the-uk-is-coping/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [The U.S. unemployment rate is the lowest it's been in nearly seven years. The job sector that has seen the most growth is in…](https://sms4smile.com/quotes/conan-o-brien/the-u-s-unemployment-rate-is-the-lowest-it-s-been-in-nearly-seven/) [Conan O'Brien](https://sms4smile.com/quotes/author/conan-o-brien/) > [I'm not interested in, you know, turning the clock back or pointing fingers, but I am interested in trying to figure out how we…](https://sms4smile.com/quotes/hillary-clinton/i-m-not-interested-in-you-know-turning-the-clock-back-or-pointing/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [ We've seen tremendous progress in many ways under President \[Barack\] Obama. I mean, if we think about where the economy was when he got… ](https://sms4smile.com/quotes/julian-castro/we-ve-seen-tremendous-progress-in-many-ways-under-president-barack/) [Julian Castro](https://sms4smile.com/quotes/author/julian-castro/) > [Whites have more than eleven times the net worth or wealth of African Americans. They make greater salaries. Our unemployment rate is twice theirs.…](https://sms4smile.com/quotes/randall-robinson/whites-have-more-than-eleven-times-the-net-worth-or-wealth-of-african/) [Randall Robinson](https://sms4smile.com/quotes/author/randall-robinson/) > [We're starting to see, as the economy improves, that the unemployment rate among veterans and military spouses - we're seeing some improvement in those…](https://sms4smile.com/quotes/michelle-obama/we-re-starting-to-see-as-the-economy-improves-that-the-unemployment/) [Michelle Obama](https://sms4smile.com/quotes/author/michelle-obama/) > [The 'black rule' is that youth unemployment is, on average, double a country's unemployment rate.](https://sms4smile.com/quotes/alain-dehaze/the-black-rule-is-that-youth-unemployment-is-on-average-double-a/) [Alain Dehaze](https://sms4smile.com/quotes/author/alain-dehaze/) > [You see the unemployment rate is at a very, very low level. Job enthusiasm and manufacturing, business enthusiasm is at record levels; never been…](https://sms4smile.com/quotes/donald-trump/you-see-the-unemployment-rate-is-at-a-very-very-low-level-job/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [The unemployment rate is still twice as high for blacks as for whites.](https://sms4smile.com/quotes/william-weld/the-unemployment-rate-is-still-twice-as-high-for-blacks-as-for-whites/) [William Weld](https://sms4smile.com/quotes/author/william-weld/) > [The unemployment rate is now at 9.2%, which is scary, because experts say 9.5 is the point at which people are desperate enough to…](https://sms4smile.com/quotes/bill-maher/the-unemployment-rate-is-now-at-9-2-which-is-scary-because-experts/) [Bill Maher](https://sms4smile.com/quotes/author/bill-maher/) > [Economy's got to get moving, we've got to get the unemployment rate down. That may be the defining issue of the campaign.](https://sms4smile.com/quotes/colin-powell/economy-s-got-to-get-moving-we-ve-got-to-get-the-unemployment-rate/) [Colin Powell](https://sms4smile.com/quotes/author/colin-powell/) > [You're always as good as your last movie and that's the same with politics. If you are successful with a certain policy, then you're…](https://sms4smile.com/quotes/arnold-schwarzenegger/you-re-always-as-good-as-your-last-movie-and-that-s-the-same-with/) [Arnold Schwarzenegger](https://sms4smile.com/quotes/author/arnold-schwarzenegger/) > [I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really…](https://sms4smile.com/quotes/fred-upton/i-do-know-that-all-of-the-michigan-delegation-worked-very-hard-as/) [Fred Upton](https://sms4smile.com/quotes/author/fred-upton/) > [Because a person has to be either working or looking for work to be counted as part of the labor force, an increase in…](https://sms4smile.com/quotes/ben-bernanke/because-a-person-has-to-be-either-working-or-looking-for-work-to-be/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) ## More by Steve Mnuchin > [I earnestly feel terrible for any mistakes at the bank.](https://sms4smile.com/quotes/steve-mnuchin/i-earnestly-feel-terrible-for-any-mistakes-at-the-bank/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [My No. 1 priority is growth in the economy. Tax reform will be our first and most important part of that.](https://sms4smile.com/quotes/steve-mnuchin/my-no-1-priority-is-growth-in-the-economy-tax-reform-will-be-our/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [I have been maligned as taking advantage of others' hardship in order to make a buck. Nothing could be further from the truth.](https://sms4smile.com/quotes/steve-mnuchin/i-have-been-maligned-as-taking-advantage-of-others-hardship-in-order/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [As treasury secretary, I don't see it as my role commenting on the dollar in short-term movements.](https://sms4smile.com/quotes/steve-mnuchin/as-treasury-secretary-i-don-t-see-it-as-my-role-commenting-on-the/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [I have very good friends on Wall Street.](https://sms4smile.com/quotes/steve-mnuchin/i-have-very-good-friends-on-wall-street/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [Proprietary trading does not belong in banks with FDIC insurance.](https://sms4smile.com/quotes/steve-mnuchin/proprietary-trading-does-not-belong-in-banks-with-fdic-insurance/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [We've been in the business of regional banking, and we understand what it is to make loans, and that's the engine of growth to…](https://sms4smile.com/quotes/steve-mnuchin/we-ve-been-in-the-business-of-regional-banking-and-we-understand-what/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [I've had several different careers.](https://sms4smile.com/quotes/steve-mnuchin/i-ve-had-several-different-careers/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [Look, there is no question the Hollywood crowd predominantly supports Democrats. But within Los Angeles, there's a big community, and there's a large community…](https://sms4smile.com/quotes/steve-mnuchin/look-there-is-no-question-the-hollywood-crowd-predominantly-supports/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [I have given to Democrats in the past. I've always believed in supporting the best candidate at the time.](https://sms4smile.com/quotes/steve-mnuchin/i-have-given-to-democrats-in-the-past-i-ve-always-believed-in/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [I don't support going back to Glass-Steagall as is.](https://sms4smile.com/quotes/steve-mnuchin/i-don-t-support-going-back-to-glass-steagall-as-is/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [Our most important priority is sustained economic growth, and I think we can absolutely get to sustained 3% to 4% GDP, and that is…](https://sms4smile.com/quotes/steve-mnuchin/our-most-important-priority-is-sustained-economic-growth-and-i-think/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [Trump has a pro-economic-growth tax plan, and we are sensitive to the cost of that plan.](https://sms4smile.com/quotes/steve-mnuchin/trump-has-a-pro-economic-growth-tax-plan-and-we-are-sensitive-to-the/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [Any time I hear 'border adjustment,' I don't love it. Because usually it means we're going to get adjusted into a bad deal.](https://sms4smile.com/quotes/steve-mnuchin/any-time-i-hear-border-adjustment-i-don-t-love-it-because-usually-it/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [The way to reduce the debt is by economic growth.](https://sms4smile.com/quotes/steve-mnuchin/the-way-to-reduce-the-debt-is-by-economic-growth/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) [Explore all 70 Steve Mnuchin quotes ](https://sms4smile.com/quotes/author/steve-mnuchin/) ## More Rate quotes > [Right now we're concerned about budget. Right now we're concerned about the prospect of interest rate rise. We're concerned about government corruption, government handing…](https://sms4smile.com/quotes/amity-shlaes/right-now-we-re-concerned-about-budget-right-now-we-re-concerned/) [Amity Shlaes](https://sms4smile.com/quotes/author/amity-shlaes/) > [At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But…](https://sms4smile.com/quotes/george-soros/at-times-of-recession-running-a-budget-deficit-is-highly-desirable/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [The next time you're looking at a charity, don't ask about the rate of their overhead. Ask about the scale of their dreams.](https://sms4smile.com/quotes/anonymous/the-next-time-you-re-looking-at-a-charity-don-t-ask-about-the-rate-of/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [There are over 500,000 registered sex offenders across the country, and statistics have shown that the recidivism rate for those criminals is high.](https://sms4smile.com/quotes/jim-sensenbrenner/there-are-over-500-000-registered-sex-offenders-across-the-country/) [Jim Sensenbrenner](https://sms4smile.com/quotes/author/jim-sensenbrenner/) > [When we're done simplifying the tax code, getting the lobbyist carve outs our of the tax code, lowering our rates and letting people have…](https://sms4smile.com/quotes/paul-ryan/when-we-re-done-simplifying-the-tax-code-getting-the-lobbyist-carve/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [Selfishness is one of the principal fruits of the corruption of human nature; and it is obvious that selfishness disposes us to over-rate our…](https://sms4smile.com/quotes/william-wilberforce/selfishness-is-one-of-the-principal-fruits-of-the-corruption-of-human/) [William Wilberforce](https://sms4smile.com/quotes/author/william-wilberforce/) > [In our own time the whole of Greece has been subject to a low birth rate and a general decrease of the population, owing…](https://sms4smile.com/quotes/polybius/in-our-own-time-the-whole-of-greece-has-been-subject-to-a-low-birth/) [Polybius](https://sms4smile.com/quotes/author/polybius/) > [Up until 1986, the top marginal rate, the top statutory rate was 50 percent. Now it's 35 percent. And all the pressure is on…](https://sms4smile.com/quotes/bruce-bartlett/up-until-1986-the-top-marginal-rate-the-top-statutory-rate-was-50/) [Bruce Bartlett](https://sms4smile.com/quotes/author/bruce-bartlett/) > [A hundred years ago Hester Prynne of The Scarlet Letter was given an A for adultery; today she would rate no better than a…](https://sms4smile.com/quotes/peter-de-vries/a-hundred-years-ago-hester-prynne-of-the-scarlet-letter-was-given-an/) [Peter De Vries](https://sms4smile.com/quotes/author/peter-de-vries/) > [Read things you're sure will disagree with your current thinking. If you're a die-hard anti-animal person, read Meat. If you're a die-hard global warming…](https://sms4smile.com/quotes/joel-salatin/read-things-you-re-sure-will-disagree-with-your-current-thinking-if/) [Joel Salatin](https://sms4smile.com/quotes/author/joel-salatin/) > [Illiteracy does not impede the practice of democracy, as witnessed by the success of democracy in India despite the high illiteracy rate. One doesn't…](https://sms4smile.com/quotes/alaa-al-aswany/illiteracy-does-not-impede-the-practice-of-democracy-as-witnessed-by/) [Alaa Al Aswany](https://sms4smile.com/quotes/author/alaa-al-aswany/) > [America should be leading the world in green and clean solutions, and human rights. We shouldn't be leading the world in wars and incarceration…](https://sms4smile.com/quotes/van-jones/america-should-be-leading-the-world-in-green-and-clean-solutions-and/) [Van Jones](https://sms4smile.com/quotes/author/van-jones/) > [And so we have to be careful with looking at additional stimulus that we don't provoke an increase in the bond rate and then…](https://sms4smile.com/quotes/franklin-raines/and-so-we-have-to-be-careful-with-looking-at-additional-stimulus-that/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [I don't think we should reduce the corporate tax rate.](https://sms4smile.com/quotes/zephyr-teachout/i-don-t-think-we-should-reduce-the-corporate-tax-rate/) [Zephyr Teachout](https://sms4smile.com/quotes/author/zephyr-teachout/) > [At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock,…](https://sms4smile.com/quotes/alan-greenspan/at-the-risk-of-some-oversimplification-if-the-skill-composition-of/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Browse all 2,448 Rate quotes ](https://sms4smile.com/quotes/about/rate/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The unemployment rate is not real.", "creator": { "@type": "Person", "name": "Steve Mnuchin" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/steve-mnuchin/the-unemployment-rate-is-not-real/", "about": { "@type": "Thing", "name": "Rate" }, "@id": "https://sms4smile.com/quotes/steve-mnuchin/the-unemployment-rate-is-not-real/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/53e/steve-mnuchin-9731_rate_the-unemployment-rate-is-not-real-216927_2169276.jpg", "contentUrl": "https://sms4smile.com/quotes/i/53e/steve-mnuchin-9731_rate_the-unemployment-rate-is-not-real-216927_2169276.jpg", "url": "https://sms4smile.com/quotes/i/53e/steve-mnuchin-9731_rate_the-unemployment-rate-is-not-real-216927_2169276.jpg", "width": 1080, "height": 1080, "caption": "“The unemployment rate is not real.” — Steve Mnuchin", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Steve Mnuchin", "item": "https://sms4smile.com/quotes/author/steve-mnuchin/" }, { "@type": "ListItem", "position": 4, "name": "The unemployment rate is not real.", "item": "https://sms4smile.com/quotes/steve-mnuchin/the-unemployment-rate-is-not-real/" } ], "@id": "https://sms4smile.com/quotes/steve-mnuchin/the-unemployment-rate-is-not-real/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```