House Minority Leader Nancy Pelosi, D-Calif., claimed that the historically low unemployment rate presented in the most recent jobs report won’t matter until consumer confidence increases, despite the fact that the metric hit a nearly 18-year high heading into June.

The jobs report showed the unemployment rate plummet to 3.8 percent, a 50-year low mark, but Pelosi said at her Thursday press conference that “this has happened before.”

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