So when Obama says jobs are being created even though the unemployment rate hasn't budged, he is to be believed, even praised?

And the lowest unemployment figure ever was shortly after the Clinton Administration?

Sure, It all depends on how you interpret the data, doesn't it? Another factor you didn't mention: Back in those wonderful 50s and 60s, most women were homemakers and did not work. We have pretty much integrated women fully into the workforce, so it is not surprising unemployment percentages are higher. That is one of the great social accomplishments of human history, as far as I'm concerned, even if we still have "a long way to go".

Statistics are like experimental data, open to interpretation depending on the operative theoretical paradigm in place.