Posted on 08/18/2012 6:55:54 AM PDT by lbryce
New Gallup unemployment data suggest an increase in the government's seasonally adjusted unemployment rate for August when it is reported on Friday, Sept. 7. During recent months, Gallup's measurements have been more optimistic than those of the BLS. Barring a sharp reversal in this relationship, the government's unadjusted unemployment rate might be expected to stay the same or increase in August.
Gallup's Daily tracking of the unemployment situation is based on interviews with more than 30,000 adults over the 30 days ending Aug. 15, and shows essentially no change in the unadjusted unemployment rate at 8.3% compared to 8.2% in July. In turn, this suggests that the government's unadjusted unemployment rate could increase to 8.7% in July from 8.6% in June. The government's measurement of the unadjusted unemployment rate has been known to differ with Gallup's findings, but a drop of 0.3% in July is necessary to bring the government's unadjusted rate down to Gallup levels.
More interestingly, there were no BLS seasonal adjustments in August 2011. If this remains the same in 2012, the Gallup seasonally adjusted unemployment rate for August would be 8.3% while that of the BLS would be 8.7%, assuming a similar increase to that shown in the Gallup data. Further, Gallup's data show the labor force participation rate to be increasing in August. In turn, that could have an additional negative impact on the unemployment rate for August if the government's data show a similar pattern.
(Excerpt) Read more at behavioraleconomy.gallup.com ...
It looks like the DemocRATS are going to have to come up with a new way to “calculate” the unemployment rate. This one isn’t working for them.
But, but, but, the regime said the stimulus was needed to keep unemployment below 8%.
Probably the best thing that could happen for employment would be terrible job numbers for the next three months. If we get rid of Obama, the recovery will start. If Obama stays for four more years, there will never be a recovery.
Gallup: August Unemployment Not Looking Good
B-HO: “My plan worked!”
In essence , his “plan” did work. The destruction of this country.
That’s about the size of it.
Ok, now that's just funny.
Obama created 4-million jobs, doncha know?
Never mind the rising unemployment rate.
Obama created 4-million jobs, doncha know?
Never mind the rising unemployment rate.
The only jobs the won created were commie czar jos.
“The Auto Industry has come roaring back!”
GM may have to re-declare bankruptcy...
More Merd from King Bozo Oldsmobile...
There are untold numbers of employers who think the same way; hold off hiring and spending until November or kiss it all goodbye.
And Chrysler is now a foreign (Fiat) owned nameplate, with most of their top of the line cars like the Charger, Challenger, and 300 build in foreign countries.
Thanks lbryce.
Overheard recently at a meeting of representatives of the NY Slimes, LA Slimes, CNN, ABC, NBC and CBS:
“OK boys, this is not working. Obama is never going to get re-elected with numbers like this. I don’t care how you do it or who you have to pay...but get out there and get these numbers down before the election...kapish?
Obama at the Air Kenya Airport ticket counter wearing fake beard,'Romney in '12'campaign button talking to agent in hushed, hardly audible tones in firm voice:
I SAID ONE WAY TO NAIROBI. CASH. STOWAWAY CLASS. No goats, pigs to declare. I have no passport. I've never been a citizen despite my 28 SS cards.
Obama and his staff are cooking up enough to take care of all the customers who went to Chick Fil A on August 1st.
:’)
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