Author Topic: GALLUP: UNEMPLOYMENT RATE JUMPS FROM 7.7% TO 8.9% IN 30 DAYS  (Read 430 times)

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Offline mystery-ak

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GALLUP: UNEMPLOYMENT RATE JUMPS FROM 7.7% TO 8.9% IN 30 DAYS
« on: August 21, 2013, 07:18:43 PM »
http://www.breitbart.com/Big-Government/2013/08/21/Gallup-Unemployment-jumped-from-77-to-89

by JOHN NOLTE  21 Aug 2013, 12:15 PM PDT

Outside of the federal government's Bureau of Labor statistics, the Gallup polling organization also tracks the nation's unemployment rate. While the BLS and Gallup findings might not always perfectly align, the trends almost always do and the small statistical differences just haven't been worthy of note. But now Gallup is showing a sizable 30 day jump in the unemployment rate, from 7.7% on July 21 to 8.9% today.
This is an 18-month high.

At the end of July, the BLS showed a 7.4% unemployment rate, compared to Gallup's 7.8%. Again, a difference not worthy of note. But Gallup's upward trend to almost 9% in just the last three weeks is alarming, especially because this is not a poll with a history of wild swings due to statistical anomalies. Gallup's sample size is  a massive 30,000 adults and the rolling average is taken over a full 30 day period.
Gallup also shows an alarming increase in the number of underemployed (those with some work seeking more). During the same 30-day period, that number has jumped from 17.1% to 17.9%.

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Offline Oceander

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Re: GALLUP: UNEMPLOYMENT RATE JUMPS FROM 7.7% TO 8.9% IN 30 DAYS
« Reply #1 on: August 21, 2013, 07:25:51 PM »
I can't wait for the chorus of "unexpected."

Offline Atomic Cow

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Re: GALLUP: UNEMPLOYMENT RATE JUMPS FROM 7.7% TO 8.9% IN 30 DAYS
« Reply #2 on: August 21, 2013, 07:30:31 PM »
Tomorrow I fully expect a report showing jobless claims dropped by "more than expected" and when the "jobs report" comes out, it will show a massive number of "new" jobs.
"...And these atomic bombs which science burst upon the world that night were strange, even to the men who used them."  H. G. Wells, The World Set Free, 1914

"The one pervading evil of democracy is the tyranny of the majority, or rather of that party, not always the majority, that succeeds, by force or fraud, in carrying elections." -Lord Acton


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