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Gallup: The Unemployment Rate Is Collapsing
TBi ^ | 10-17-2012 | Joe Weisenthal

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:

--------

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 ...


TOPICS: News/Current Events
KEYWORDS: employment; jobs; obama; unemployment
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1 posted on 10/17/2012 4:35:54 PM PDT by blam
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To: blam

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.


2 posted on 10/17/2012 4:37:24 PM PDT by Viennacon
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To: blam

People have given up looking until Obama is voted out.


3 posted on 10/17/2012 4:38:10 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: blam

Employers might be optimistic that Romney will win the election.


4 posted on 10/17/2012 4:38:32 PM PDT by JediJones (ROMNEY/RYAN: TURNAROUND ARTISTS ***** OBAMA/BIDEN: BULL $HIT ARTISTS)
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To: blam

Anyone here know of anyonee that has gotten a job that is to the level of their pay before they lost their last one?


5 posted on 10/17/2012 4:39:34 PM PDT by Walkingfeather
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To: blam
Would that be the same Gallup organization that is getting the squeeze put on them by Holder's Justice Department?


6 posted on 10/17/2012 4:39:34 PM PDT by Iron Munro (Psalm 109:8 "Let his days be few, and let another take his office.")
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To: blam

Right after the election the real numbers will magically appear


7 posted on 10/17/2012 4:40:36 PM PDT by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: blam

And what about people who are Discouraged Workers/ exit the workforce?

The economy is hardly improving.


8 posted on 10/17/2012 4:40:58 PM PDT by Shadow44
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To: blam

No doubt it will be below 3% by Nov. 6th.

These coincidences are just amazinng aren’t they?


9 posted on 10/17/2012 4:41:30 PM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: blam
Isn't Gallop the firm that's been threatened by Axelrod & Friends?
10 posted on 10/17/2012 4:41:30 PM PDT by Gay State Conservative (Ambassador Stevens Is Dead And The Chevy Volt Is Alive)
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To: blam

Isn’t it simply that lots of people are running out of months?

They’ve used up all the unemployment they can get?


11 posted on 10/17/2012 4:42:08 PM PDT by donna (Pray for revival.)
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To: blam
If the unemployment rate is dropping it's in anticipation that Romney will win so those people with money are getting in on it early.... no way can this be attributed to any one of Obama's failed policies.



12 posted on 10/17/2012 4:42:34 PM PDT by American Constitutionalist
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To: American Constitutionalist

Had this very conversation with my BOSS today...right on, for us anyway...other MMV


13 posted on 10/17/2012 4:44:04 PM PDT by IrishPennant (Dr Erkel and Mr. Jive...lurking the streets of DC)
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To: American Constitutionalist

My thoughts exactly!!!!!
Romney rising in the polls; now above 51% in Gallup.Time to get a head start on hiring!


14 posted on 10/17/2012 4:44:10 PM PDT by WashingtonSource
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To: donna

Small sample of 30,000 people. Give me a break.

http://confoundedinterest.wordpress.com/2012/10/15/good-newsbad-news-827-thousand-added-to-labor-force-while-8-206-million-not-in-labor-force/


15 posted on 10/17/2012 4:44:46 PM PDT by whitedog57
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To: blam

Nice try but ain’t gonna work, Joe.


16 posted on 10/17/2012 4:45:06 PM PDT by skeeter
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To: blam
% of adults working has been constantly declining all throughout Obama’s term


17 posted on 10/17/2012 4:45:29 PM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: blam

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.


18 posted on 10/17/2012 4:45:42 PM PDT by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: blam

Please! My company just had another layoff. People are feeling the real unemployment rate. This will fool nobody.


19 posted on 10/17/2012 4:46:04 PM PDT by cotton1706
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To: blam
% of adults working has been constantly declining all throughout Obama’s term


20 posted on 10/17/2012 4:46:43 PM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: blam

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.


21 posted on 10/17/2012 4:47:05 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Viennacon

Not familiar with the word. What’s an outliar?


22 posted on 10/17/2012 4:47:08 PM PDT by sanjuanbob
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Comment #23 Removed by Moderator

To: Mr Ramsbotham

food prices and gas prices rising now . Obama communist printing of trillions of $ every year will lead to dollar becoming worthless.


24 posted on 10/17/2012 4:48:08 PM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: whitedog57

Are you kidding? If this were any old poll, that would be an enormous sample.


25 posted on 10/17/2012 4:49:00 PM PDT by PghBaldy
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To: blam
Hmmm......
....more evidence of Axelrod's mischief /threats against GALLUP...

Edumacated guess...

26 posted on 10/17/2012 4:49:00 PM PDT by Wings-n-Wind (The main things are the plain things!)
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To: blam

If one reduces the assumed workforce by a large enough number, the unemployment rate will eventually approach zero.


27 posted on 10/17/2012 4:49:16 PM PDT by andy58-in-nh (Cogito, ergo armatum sum.)
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To: rurgan

participation rates just like the EU


28 posted on 10/17/2012 4:49:21 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: DuncanWaring
You are right. % of adults working has been constantly declining all throughout Obama’s term


29 posted on 10/17/2012 4:50:06 PM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: blam

[churchlady on] How conveeeeeeeeeen-ient.... [/churchlady off]


30 posted on 10/17/2012 4:50:37 PM PDT by DJ Frisat ((optional, printed after my name on post))
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To: griswold3

yes and worse debt too


31 posted on 10/17/2012 4:50:45 PM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: blam
U6 unemployment was 14.7% in August and 14.7% in September. No change.

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.

32 posted on 10/17/2012 4:51:14 PM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: WashingtonSource

I wouldn’t get your hopes up. Even if Romney wins we will still have a tax-raising socialist president.


33 posted on 10/17/2012 4:52:37 PM PDT by nickcarraway
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To: blam
I cant even GET unemployment, my company wants to keep me around and manages to find me 8 hours a week and that exceeds the unemployment amount, I keep filling out the "continued claim form" , running out my eligibility clock but drawing zerOs

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

34 posted on 10/17/2012 4:52:47 PM PDT by KTM rider
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To: blam

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.


35 posted on 10/17/2012 4:52:47 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Doogle
If and when Mit gets elected one of the first things he should do is undo all of the intentionally false and misleading ways and means the Obama administration has put in place for counting the "unemployed" in order to "cook the unemployment book" numbers. He should reinstate HONEST and TRUE methods for getting to the bottom of reporting the ACTUAL unemployment and under-employment numbers. That way the MSM can't say: "Look how bad it has gotten since Mit took over." Once his administration knows and reports the actual/REAL number that is the base line his administration along with the American people should work from and work with in order to undo the massive damage Obama, his policies, his administration and his minions have brought about.

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.

36 posted on 10/17/2012 4:53:37 PM PDT by Jmouse007 (Lord deliver us from evil, in Jesus name, amen.)
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To: Walkingfeather

It sure isn’t me.


37 posted on 10/17/2012 4:54:24 PM PDT by bigheadfred
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To: Walkingfeather

“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.


38 posted on 10/17/2012 4:55:44 PM PDT by RipSawyer (Free healthcare is worth FAR LESS than it costs.)
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To: KTM rider

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.


39 posted on 10/17/2012 4:58:41 PM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: KTM rider
I cant even GET unemployment, my company wants to keep me around and manages to find me 8 hours a week and that exceeds the unemployment amount, I keep filling out the "continued claim form" , running out my eligibility clock but drawing zerOs

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.

40 posted on 10/17/2012 5:00:12 PM PDT by MD Expat in PA
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To: blam

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.


41 posted on 10/17/2012 5:00:22 PM PDT by Obama_Is_Sabotaging_America
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To: Walkingfeather

Does starting your own business and creating your own job count?


42 posted on 10/17/2012 5:01:49 PM PDT by EBH (0bama is guilty of willful neglect of duty.)
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To: blam

Holiday season
Romney coming to the rescue
Consumers just want to spend after all these depressing years
Who knows.


43 posted on 10/17/2012 5:03:58 PM PDT by aMorePerfectUnion (Sorry, gone rogue, gone Galt, gone international. Gone.)
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To: KTM rider

What state/city , field are you in?


44 posted on 10/17/2012 5:04:45 PM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: American Constitutionalist

I didn’t catch that. Could you say that again?


45 posted on 10/17/2012 5:06:39 PM PDT by PJBankard (I told my friends I was heading to Octermocty for the weekend. They replied... "Wear the fox hat")
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To: blam
is this before or after adding in the california unemployed that were intentionally left out???
46 posted on 10/17/2012 5:06:53 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: aMorePerfectUnion; All
No fake numbers. all numbers suddenly looking better is the October surprise. Gallup fakes polls etc. % of adults working has been constantly declining all throughout Obama’s term. help get this chart out there so others see it.


47 posted on 10/17/2012 5:07:07 PM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: Walkingfeather

My daughter did.


48 posted on 10/17/2012 5:08:09 PM PDT by Mears
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To: blam

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.


49 posted on 10/17/2012 5:08:10 PM PDT by concentric circles
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To: SampleMan
No doubt it will be below 3% by Nov. 6th.

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!

50 posted on 10/17/2012 5:08:26 PM PDT by Colorado Doug (Now I know how the Indians felt to be sold out for a few beads and trinkets)
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