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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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To: KTM rider
Amazing that liberals in California love Obama even though the economy is so bad there.

In some parts of North Dakota, very easy to get a job , practically the only part in the country. Hope Romney wins and so Obama’s EPA won't shut that down too.

61 posted on 10/17/2012 5:19:09 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

62 posted on 10/17/2012 5:22:02 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: Vendome

Actually, that is a very good sample space yielding a margin of error of +/- 0.577% (just over one-half percent).


63 posted on 10/17/2012 5:24:11 PM PDT by Aevery_Freeman (All Y'all White Peoples is racist!)
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To: blam

So how many people filed for UI benefits last week? This week..Yet to be determined..

More folks are losing their jobs, not getting jobs!


64 posted on 10/17/2012 5:27:33 PM PDT by Fully Awake DAV (Navy Vet when homosexuality was not tolerated)
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To: rurgan
actually California is not as liberal as you are made to believe, it is mostly controlled by Gerrymandering , there is a highly concentrated population of professional leeches, but it is still 50/50 like everywhere else and county by county, CA is 80% republican

not to mention a gigantic population (I mean HUGE) of government employees that belong to public employee unions

there are cops litterally everywhere, like mobile black and white toll booths collecting pension$ , and the streets and freeways are jammed with vehicles with exempt license plates, the government is everywhere

65 posted on 10/17/2012 5:28:38 PM PDT by KTM rider
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To: KTM rider

California is liberal because of the millions of illegals and other immigrants they imported many of them in the big cities, also blacks. California used to be conservative. Until the illegals reached critical mass.


66 posted on 10/17/2012 5:31:35 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
Worth repeating, but louder:

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67 posted on 10/17/2012 5:32:51 PM PDT by SoFloFreeper
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To: nickcarraway

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

So the jihad against the Republican’s presidential candidate continues?


68 posted on 10/17/2012 5:33:02 PM PDT by House Atreides
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To: KTM rider

they are printing money again for god sakes.. these numbers are temporary...and it was done to be effective just prior to the election.

any gains are do to that... and the folks that dropped out of the job market altogether.


69 posted on 10/17/2012 5:33:37 PM PDT by Chuzzlewit
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To: MD Expat in PA

Collecting ‘partial benefits’ while working is a trap. It does deplete your Unemployment Compensation allotment and can be a rude surprise if terminated, only to find you’ve exhausted your UE benefits.


70 posted on 10/17/2012 5:35:23 PM PDT by Obama_Is_Sabotaging_America
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To: blam
I call bullshit for two reasons:

1: The Labor Participation Rate is at an historic low.
2: The question pool changed in October. Anyone who answers they so much as babysat for an hour was counted as employed.

Gallup's been compromised by the Obama Administration and the Eric Holder Justice Department. (Google Justice Department sues Gallup and you'll see what I'm talking about.)

71 posted on 10/17/2012 5:38:36 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: SoFloFreeper

idiot.


72 posted on 10/17/2012 5:38:52 PM PDT by wtc911 (Amigo - you've been had.)
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To: KTM rider

That’s an interesting insight into california which I didn’t know about. Hope Romney wins and you get a good job, I hope that for all Americans too.


73 posted on 10/17/2012 5:39:29 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

Part time jobs are counted the same as full time jobs for the purpose of unemployement numbers.

Therefore, if we convert say 500,000 full time jobs to 1 million part-time jobs, then the unemployement crisis will be over.

Problem solved. /s


74 posted on 10/17/2012 5:44:15 PM PDT by Lorianne (fedgov, taxporkmoney)
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To: blam
Collapsing? What Leftist nonsense.www.shadowstats

Notice the divergence of the Blue line from the BLS "adjusted" numbers since 2009. Work force participation is dropping like a rock. BLS cooks numbers.

75 posted on 10/17/2012 5:53:08 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: paul51

The other over looked stat...is those who dropped off the DOL books....still looking for employment...but not counted....no way to count all those folks (like me....and no 99 weeks, 28 weeks)


76 posted on 10/17/2012 5:56:39 PM PDT by Fully Awake DAV (Navy Vet when homosexuality was not tolerated)
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To: KTM rider
CA is 80% republican

What are you smoking?

Republicans are an endangered species in this state.
77 posted on 10/17/2012 6:07:02 PM PDT by OneVike (I'm just a Christian waiting to go home)
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To: blam

it’s total BS when you just stop counting people.


78 posted on 10/17/2012 6:20:58 PM PDT by visualops (artlife.us)
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To: blam

Who would think that Gallup is nothing but an Obama prostitute


79 posted on 10/17/2012 6:29:43 PM PDT by stockpirate (Slaves to the collective! SCOTUS is just as corrupt as congress. IMPEACH ROBERTS!)
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To: Jmouse007

He should also move tax day to election day.


80 posted on 10/17/2012 6:32:36 PM PDT by piasa (Attitude adjustments offered here free of charge)
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