> if you look at the "true" unemployment, i.e., what that voter is thinking, which is how poor are Americans overall
Unemployment is not a measure how poor people are. While unemployment can lead to poverty, it's not the same as poverty. It's like saying "we'll add a number of sick people, obese people, people not working out, old people, people eating too much sugar, people not eating enough vegetables, people who smoke and people who drink alcohol - and call it 'true health index' and will demand to treat this number as if all these people were actually sick". Somehow you think it's more clear this way?
> well you'd actually see a pretty glooming picture with a large number of Americans living below poverty
There already are statistical measures of poverty. You don't need to call them "true unemployment". Call them "measures of poverty".
That when a politician brags about unemployment being so low to a voter, they're doing so to fool the voter, who likely associate unemployment rate as a measure of how well off everyone is doing, while in reality it doesn't, because if you look at the "true" unemployment, i.e., what that voter is thinking, which is how poor are Americans overall, well you'd actually see a pretty glooming picture with a large number of Americans living below poverty and the number growing year over year.