Skip to comments.Gallup: The Unemployment Rate Is Collapsing
Posted on 10/17/2012 4:35:52 PM PDT by blam
Gallup: The Unemployment Rate Is Collapsing
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:
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 ...
Yeah, we’ll take the word of EVERY economist who said this was an outlier using a weird sample, over the pollster being sued by the Axelrat.
People have given up looking until Obama is voted out.
Employers might be optimistic that Romney will win the election.
Anyone here know of anyonee that has gotten a job that is to the level of their pay before they lost their last one?
Right after the election the real numbers will magically appear
And what about people who are Discouraged Workers/ exit the workforce?
The economy is hardly improving.
No doubt it will be below 3% by Nov. 6th.
These coincidences are just amazinng aren’t they?
Isn’t it simply that lots of people are running out of months?
They’ve used up all the unemployment they can get?
Had this very conversation with my BOSS today...right on, for us anyway...other MMV
My thoughts exactly!!!!!
Romney rising in the polls; now above 51% in Gallup.Time to get a head start on hiring!
Small sample of 30,000 people. Give me a break.
Nice try but ain’t gonna work, Joe.
Something sobering to think about: a lot of money, in fact, probably trillions, is being sat upon by people afraid to invest it due to the policies of the present administration. If Romney wins, this money is going to go to work, producing high inflation, which Romney will be obliged to answer for, even though he’s had nothing to do with it. He’d best be prepared for it.
Please! My company just had another layoff. People are feeling the real unemployment rate. This will fool nobody.
If the “Unemployment” rate is dropping, is the “Employment” rate (currently in the general neighborhood of 60%, lowest it’s been in 30 years) rising?
If so, it’s actually good.
If not, it’s yet another accounting scam.
Not familiar with the word. What’s an outliar?
food prices and gas prices rising now . Obama communist printing of trillions of $ every year will lead to dollar becoming worthless.
Are you kidding? If this were any old poll, that would be an enormous sample.
If one reduces the assumed workforce by a large enough number, the unemployment rate will eventually approach zero.
participation rates just like the EU
[churchlady on] How conveeeeeeeeeen-ient.... [/churchlady off]
yes and worse debt too
Alternatively, how about -- employers (like Obama buddy Clarence Otis's Darden Restaurants Inc.) are cutting employees back to 28 hours per week, so they are exempt from Obamacare coverage?
This would require an employer to hire nearly half-again as many workers to cover for those hours. Since the Federal minimum wage for tipped employees is $2.13/hour and they're now going to be taxed if they don't buy their own health insurance -- I'm unsure that this is great news.
I wouldn’t get your hopes up. Even if Romney wins we will still have a tax-raising socialist president.
my business is so specialized there is no where else to apply for a job unless I want to try and trade carreers into a related field
been barely holding off the wolves for four years but they are starting to close in and I am running out of ammo
Total Crock of Shiite.
It’s a statistical sampling of 30,000 households benched against nearly 150 million “possible” workers.
It’s not even at the level of meaningless.
This step alone would go a long way to restoring TRUST in the White House and the American government's reporting on unemployment figures. It would also remove a powerful mime tool the MSM and the DemocRATS who are out of power would seek to use in order to clober Mit over the head: "See, when Obama and we were in power, unemployment was coming down, but LOOK HOW BAD THINGS HAVE GOTTEN SINCE MIT TOOK OVER."
I would get to the bottom of the REAL unemployment figures and report those numbers to the American people ASAP because no one, except for brain-dead, kool-aid drinking Obamabots believes the BS the Obama admin is spouting regarding these bogus deflating unemployment numbers.
It sure isn’t me.
“Anyone here know of anyonee that has gotten a job that is to the level of their pay before they lost their last one?”
Well, I think some of the more fortunate ones are actually earning slightly MORE in a year...than they used to earn in six months.
Millions of people like you . But the obambots here and other democrats think it’s a joke for people to be jobless or homeless, numbers to be manipulated.No there are real people suffering under this communist Muslim Obama.
Curious. What state are you in? If you are making so much that working 8 hours a week exceeds the max unemployment benefits I'm curious what your state's max benefits are. Most people will qualify for partial benefits if they had been working 40 hours a week and were involuntarily cut down to 8 per week.
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?
Romney coming to the rescue
Consumers just want to spend after all these depressing years
What state/city , field are you in?
I didn’t catch that. Could you say that again?
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..cant 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 arent they?
Negative 3% at the rate it is falling. Amazing, just amazing. And look! There's a unicorn!
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