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Unemployment rate jumps from 7.7% to 8.9% in 30 days

Discussion in 'News & Current Events' started by Revmitchell, Aug 21, 2013.

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  1. Revmitchell

    Revmitchell Well-Known Member
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    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%.


    http://www.breitbart.com/Big-Government/2013/08/21/Gallup-Unemployment-jumped-from-77-to-89
     
    #1 Revmitchell, Aug 21, 2013
  2. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    Sigh....where are those shovel ready jobs?

    Conversely there are ever increasing tent cities. Well done BO! :thumbsup:
     
    #2 Earth Wind and Fire, Aug 21, 2013
  3. Salty

    Salty 20,000 Posts Club
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    Simple - the election is over - no need to worry about Congress election until the first of the year.
     
    #3 Salty, Aug 22, 2013
  4. thisnumbersdisconnected

    thisnumbersdisconnected New Member

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    Buried by the shovels heaping GreatPretenderCare onto small business.
     
    #4 thisnumbersdisconnected, Aug 22, 2013
  5. InTheLight

    InTheLight Well-Known Member
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    The Bureau of Labor Statistics (BLS) uses a poll with twice as many respondents, or 60,000 people. Also, Gallup's poll is not seasonally adjusted. I suspect the real number is somewhere in between Gallup and the BLS. Let's see what happens in the next couple of months.
     
    #5 InTheLight, Aug 22, 2013
  6. Crabtownboy

    Crabtownboy Well-Known Member
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    Don't confuse Rev. with facts. He will use any source regardless of how in-credible it is in his hatred.
     
    #6 Crabtownboy, Aug 22, 2013
  7. Gina B

    Gina B Active Member

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    I was just going to say - employment in the summer drops for a number of professions and businesses. It seems an odd time to do a study, unless they're comparing it to the exact same time in other years.
     
    #7 Gina B, Aug 22, 2013
  8. Revmitchell

    Revmitchell Well-Known Member
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    I see you are upset again. This seems to be occurring more and more for you.
     
    #8 Revmitchell, Aug 22, 2013
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