Skip to comments.Gallup Finds U.S. Unemployment Hitting 10.3% in February
Posted on 03/03/2011 12:14:13 PM PST by george76
Underemployment surged to 19.9% in February from 18.9% at the end of January.
Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February -- up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010.
Underemployment, a measure that combines part-time workers wanting full-time work with those who are unemployed, surged in February to 19.9%.
(Excerpt) Read more at gallup.com ...
This explains the ballyhoo regarding the lower unemployment applications this morning.
Gallup’s #s were much worse than the official government numbers last month. Expect more of the same.
[This explains the ballyhoo regarding the lower unemployment applications this morning.]
No one is quitting for dear life. Businesses aren’t hiring either. Of course applications are down.
I hope the Coffee Party movement doesn’t hear about this; they’ll kill us with it.
"Underemployment" doesn't capture what the true employment situation is. We need to use a figure that tells us the percentage of people who were employed in 2008 who are no longer employed. Call it the OUI--the Obama Unemployment Index.
Reagan had the Misery Index, combining inflation and interest rates. This is our Misery Index.
When democrats are in power, they destroy jobs. Get the dems out!
The REAL Unemployment Rate Is 22% according to Shadow Stats but the mainstream media is too busy promulgating propaganda to feed the masses to look into the truth of why it is reported the way it is now.
I would think that the number of foreclosures, short sales, inflation index, and even the collection of taxes would show that we are in a serious financial mess. If people aren’t working, then the tax collection would have to be less and also funding for soc security would be less, or am I just having a bad dream ? Gas and food prices are up, as well as all commodities. The world is in turmoil, Wisconsin can’t get a bill passed....California still has Moonbeam....Why is the Stock Market Up ?
Rush said there are less jobs available. It is skewing the government approved rate downward.
You’re absolutely right. When I (and a large segment of my cohorts) retired, there were no replacements.
The boys and girls remaining are being worked like rented mules and getting no raises.
Nobody quits because there’s nowhere to go.
My company is shutting down to a skeleton crew and selling off equipment. Do not believe anything on the News it is all lies.
If you know someone who is unemployed, Vote 0bama!
Look at what you buy and you will see where Clinton, Bush, and Obama exported the jobs.
What??? Then why did CNBC break out the rhetorical champagne at 7:30 AM today when the unemployment numbers were announced? Does the media lie ALL the time? Nevermind....everyone knows the answer to that one.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.