Gallup Finds U.S. Unemployment at 10.1% in September

[SarahB]

Source: Gallup

Unemployment, as measured by Gallup without seasonal adjustment, increased to 10.1% in September -- up sharply from 9.3% in August and 8.9% in July. Much of this increase came during the second half of the month -- the unemployment rate was 9.4% in mid-September -- and therefore is unlikely to be picked up in the government's unemployment report on Friday.

Certain groups continue to fare worse than the national average. For example, 15.8% of Americans aged 18 to 29 and 13.9% of those with no college education were unemployed in September.

The increase in the unemployment rate component of Gallup's underemployment measure is partially offset by fewer part-time workers, 8.7%, now wanting full-time work, down from 9.3% in August and 9.5% at the end of July.

As a result, underemployment shows a more modest increase to 18.8% in September from 18.6% in August, though it is up from 18.4% in July. Underemployment peaked at 20.4% in April and has yet to fall below 18.3% this year.

Read more: http://www.gallup.com/poll/143426/Gallup-Finds-Unemployment-September.aspx

---

As claimed in the article, tomorrow's "official" rate is not likely to be as bad. Continue to live in dreamland at your own risk.

[jefferson_dem]

1. Where is this dreamland and who exactly is living there?

By the way, the unemployment rate will probably tick up a smidgen or two tomorrow, which is actually not bad news. We know it will go up (as more people start looking for jobs) before it goes down.

[SarahB]

4. Dreamland is where people think, despite all evidence,

that things are getting better.

[Tempest]

10. The unemployment numbers show things are getting better

A slight increase is an improvement when you consider the number of new Americans entering the work force every month (something like 250,000 a month).

[SarahB]

6. Oh, and

:rofl:

How does the Kool-aid taste?

[jefferson_dem]

12. Sorry for your delirium, you pony-fetishist.

Seems you failed basic econ as well.

[ozone_man]

8. Before it goes down in six years?

Living in dreamland must be nice.

[jefferson_dem]

13. You just make shit up, don't you?

Please keep your "dreamland" to yourself. Projection is not pretty.

[Javaman]

15. ...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9279480

[TwilightGardener]

2. "Continue to live in dreamland"--WTF??

[DJ13]

3. Lies, Damned Lies, & Statistics

Take your pick.

I stopped trusting government numbers 20+ years ago when they were obviously lying about the real rates of inflation, and nothing has changed about their numbers in all those years, so that 10.1% is possible (if not too low).

[The Northerner]

7. I couldn't agree more

[onehandle]

5. .........

[Tempest]

9. Without seasonal adjustments millions of workers are ignored

How can that be considered accurate?

[Hydra]

11. The statistic isn't accurate to begin with

But gotta love all the other monkeying around they're doing with it on top of that :sarcasm:

[independent_voter]

14. Just curious, but why are we still importing massive numbers of 'guest workers'? nt

[David__77]

16. I just hired someone...

I don't own a business, but, for the first time, I made a decision regarding hiring someone and informed them they got the position, for what salary they asked for. It was saddening interviewing people, when I would feel the palpable frustration that many of them had. Some actually mentioned the size of their families. Though I've been unemployed before, it was not under such pressure - I cannot imagine.