Posted on 10/17/2012 4:35:52 PM PDT by blam
Gallup: The Unemployment Rate Is Collapsing
Joe Weisenthal
Oct. 17, 2012, 11:46 AM
More evidence that the official 7.8% unemployment rate is not the wild outlier people initially thought.
This just in from Gallup:
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WASHINGTON, D.C. -- U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October, down considerably from 7.9% at the end of September and at a new low since Gallup began collecting employment data in January 2010. Gallup's seasonally adjusted unemployment rate is 7.7%, also down from September. October's adjusted mid-month measure is also more than a percentage point lower than October 2011.
These results are based on Gallup Daily tracking surveys conducted by landline and cell phone with more than 30,000 U.S. adults from Sept. 16-Oct. 15. Gallup's seasonally adjusted unemployment rate incorporates the .04 upward adjustment used by the U.S. Bureau of Labor Statistics (BLS) in October of last year. The adjustment for September was an increase of .02, which explains the .04 drop in seasonally adjusted employment despite the .06 decline in the unadjusted number.
(Excerpt) Read more at businessinsider.com ...
And I hear Gerry whatshername on FoxNews say the housing market is booming.. WTF??!!!! Is she looking at charts from the 0bama regime? How can the housing market be ‘back’ when employment is tanking.
Does starting your own business and creating your own job count?
Holiday season
Romney coming to the rescue
Consumers just want to spend after all these depressing years
Who knows.
What state/city , field are you in?
I didn’t catch that. Could you say that again?
is this before or after adding in the california unemployed that were intentionally left out???
My daughter did.
If I don’t want to dig deep into the unemployment stats I just wait for the monthly “jobs added” figures. If we aren’t adding 250,000 jobs per month then new jobs are not keeping up with new workers added to the work force through age, graduation, immigration, etc.
In September 114,000 jobs were added, yet unemployment went down, hence Jack Welch’s comment, “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers.”
Welch was quickly attacked by multiple wonks and pundits yet it emerged that the labor statistics were incomplete at the time they were released to the public.
These coincidences are just amazinng aren’t they?
Negative 3% at the rate it is falling. Amazing, just amazing. And look! There's a unicorn!
Californica, max is $450 , just enough for a few tanks of gas and some groceries , after taxes, which will be imposed on the $450 “earned”
how many people that would like to be working are not working or are under employed? That is the only statistic that means anything
An outlier is an anomalous data point in an otherwise correlated set of data.
Joe has as much credibility as barry
Southern california / third party, private company, building and materials testing and inspection
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