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First, unemployment within 5% is considered a standard control for unemployment analysis in political science, as we only ever see it below that in the most exceptional circumstances (WW2 rate below 2% for example). There are always million leaving jobs and transitioning to either new jobs or their own businesses, or choosing to leave the job market for other unrelated reasons. The extra values of 2.6% isin't a result of Obama's policies- it's the aftereffects of the 2008 induced recession which has ended. As the value decreases over time, your problem is mitigated.

Obama never claimed unemployment is over. He factually was correct in saying it's decreasing.