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Gallup vs. BLS Unemployment Differs by Nearly 3 Million Workers
| February 11, 2014
| Mike Shedlock
Posted on 02/11/2014 1:03:52 PM PST by Kaslin
Inquiring minds note a huge discrepancy between Gallup measured unemployment and BLS reported unemployment. Please consider the Gallup Daily: U.S. Employment report.
Gallup Unemployment Rate Not Seasonally Adjusted
Gallup says "Because results are not seasonally adjusted, they are not directly comparable to numbers reported by the U.S. Bureau of Labor Statistics, which are based on workers 16 and older. Margin of error is ±1 percentage point."
However, the BLS maintains both seasonally-adjusted data and non-adjusted data. Gallup data is comparable (or at least should be) to BLS unadjusted data.
BLS Unemployment Rate Not Seasonally Adjusted
Unemployment Rate Comparison
The non-seasonally adjusted Civilian Labor Force is 154.381 million. Thus, the 1.9 percentage point difference in the unemployment rate equates to about 2.93 million employees.
Something is wrong with at least one of the above data series.
TOPICS: Business/Economy; Culture/Society; Editorial
posted on 02/11/2014 1:03:52 PM PST
the BLS, has become a political unit of the White Hut. d:-)
posted on 02/11/2014 1:05:59 PM PST
(The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
posted on 02/11/2014 1:08:21 PM PST
What definition does Gallup use for unemployed? If you haven't mailed a resume, filled an application or asked for a job in the past four weeks you are out of the labor force and no longer count in the U3 unemployment rate according to the BLS. Passively looking at websites or classified ads doesn't count.
posted on 02/11/2014 1:14:01 PM PST
(Recycled Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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