GALLUP: UNEMPLOYMENT RATE JUMPS FROM 7.7% TO 8.9% IN 30 DAYS

GALLUP: UNEMPLOYMENT RATE JUMPS FROM 7.7% TO 8.9% IN 30 DAYS


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by JOHN NOLTE 21 Aug 2013 2237POST A COMMENT

`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%.

3 thoughts on “GALLUP: UNEMPLOYMENT RATE JUMPS FROM 7.7% TO 8.9% IN 30 DAYS

  1. This figure does not even include people like me who have exhausted their 99 weeks of unemployment compensation and are no longer considered among the “unemployed.” There are millions of us out here. The actual number of people without jobs is over 20 percent.

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