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Happyhippychick

(8,379 posts)
Wed Oct 17, 2012, 08:03 PM Oct 2012

Gallup: The Unemployment Rate Is Collapsing

Source: Business insider

WASHINGTON, D.C. -- U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October, down considerably from 7.9% at the end of September and at a new low since Gallup began collecting employment data in January 2010. Gallup's seasonally adjusted unemployment rate is 7.7%, also down from September. October's adjusted mid-month measure is also more than a percentage point lower than October 2011.



Read more: http://www.businessinsider.com/gallup-the-unemployment-rate-is-collapsing-2012-10



7.3%!!!!!!!!!
50 replies = new reply since forum marked as read
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Gallup: The Unemployment Rate Is Collapsing (Original Post) Happyhippychick Oct 2012 OP
Excellent news. berni_mccoy Oct 2012 #1
Excellent timing. About 2 weeks for that to generate a dozen nat'l stories HereSince1628 Oct 2012 #7
read the comments ibegurpard Oct 2012 #2
They believe it's optimism aimed at a pending Romney presidency Happyhippychick Oct 2012 #3
Thank God... robbob Oct 2012 #36
I know you were being sarcastic but even if...... Swede Atlanta Oct 2012 #37
Yeah, they keep quoting U-6, Kencorburn Oct 2012 #12
Welcome to DU, Kencorburn! calimary Oct 2012 #32
I'm still looking... Johnny Noshoes Oct 2012 #4
I'm also seeing a ton more jobs in the past few months. progressivebydesign Oct 2012 #9
Obama should push this message harder. Reagan had morning in America this should be ours. craigmatic Oct 2012 #5
Oh, those Chicago boys arely staircase Oct 2012 #6
US housing construction jumps to 4-year high ErikJ Oct 2012 #8
We been posting positions and hiring like crazy lartely. EnviroBat Oct 2012 #10
There are something like 23 million unemployed/under employed golfguru Oct 2012 #11
I know a lot of 50 plus year old unemployed men Mojorabbit Oct 2012 #22
I thought I had read 15 million in a fact check article Jimbo S Oct 2012 #48
Isn't this due to the baby boomer's retiring? As they retire then young people fill their jobs. Quixote1818 Oct 2012 #13
KR boingboinh Oct 2012 #14
Welcome to DU, boingboinh! calimary Oct 2012 #35
Yes, it's that "liberally-manipulated" numbers racket that kept Obama above the (fictitious) zbdent Oct 2012 #15
He did, but Politicalboi Oct 2012 #19
just in time to lower them zbdent Oct 2012 #20
Woot! lonestarnot Oct 2012 #16
Let's see if The Washington Post, let alone Fox News, condescends to post this. CBHagman Oct 2012 #17
If gallup says that figure, it's probably actually even lower. truthisfreedom Oct 2012 #18
Yeah except if the official government numbers for Oct come out at 7.6% Romnuts will now say that is yellowcanine Oct 2012 #21
Great news probably the best news there could be right now azurnoir Oct 2012 #23
Gallup posted 7.3% right after the 7.8 came out ffr Oct 2012 #24
The Friday prior to election day, correct?? SkyDaddy7 Oct 2012 #26
Again, if Romeny wins this election... SkyDaddy7 Oct 2012 #25
It happens that way all the time. wisteria Oct 2012 #27
SCOTUS is the elephant in the room that.... maddogesq Oct 2012 #28
I guess RMoney was right, there will be an adjustment.... Digital Puppy Oct 2012 #29
Labor Department figures do not agree... sharkman25 Oct 2012 #30
Welcome to DU, both of you - Digital Puppy and sharkman25! calimary Oct 2012 #33
Muchos Gracias Amigo! BTW...Rollin' outtta bed now...work boots on! sharkman25 Oct 2012 #38
Superb! I'll meet you in the trenches! calimary Oct 2012 #45
Not really.. those weekly numbers jump all over the place.. DCBob Oct 2012 #34
I've had 3 unemployed family/friends get jobs in the last 3 weeks. denverbill Oct 2012 #31
Nonsense! It's a conspiracy! Jack Rabbit Oct 2012 #39
Brought to you by Carl's Jr.! Harry Monroe Oct 2012 #40
You are not fooling anyone, Jack Welch! tclambert Oct 2012 #41
Obamacare will spark a boom cycle Politicub Oct 2012 #42
i am sure the republiCONs will spin it to "Obama manipulated the jobs numbers to help him win." TruthBeTold65 Oct 2012 #43
Great news! ProudProgressiveNow Oct 2012 #44
Karl Rove has Gallup in his pocket FamilyMan Oct 2012 #46
hopefully their unemloyment polls are alot more accurate than their daily tracking polls LW1977 Oct 2012 #47
All of this needs to be emphasized donna123 Oct 2012 #49
Fuck Gallup fujiyama Oct 2012 #50

HereSince1628

(36,063 posts)
7. Excellent timing. About 2 weeks for that to generate a dozen nat'l stories
Wed Oct 17, 2012, 08:26 PM
Oct 2012

that can percolate until the election.

 

Swede Atlanta

(3,596 posts)
37. I know you were being sarcastic but even if......
Thu Oct 18, 2012, 03:17 PM
Oct 2012

it was plausible to suggest there were more jobs because employers (those 1% job-creating rascals) are finally opening up their bank vaults), then the unemployment rate should actually skyrocket. It would skyrocket because many who have given up looking and are now not even counted in the UE rate would rush back into the job-search market.

They can't have it both ways...oh wait....yes you can, on Faux News...

calimary

(81,298 posts)
32. Welcome to DU, Kencorburn!
Thu Oct 18, 2012, 12:57 PM
Oct 2012

Glad you're here! There's still so much work to do! This thing isn't won yet, and we need you!







Now get to work.

Johnny Noshoes

(1,977 posts)
4. I'm still looking...
Wed Oct 17, 2012, 08:11 PM
Oct 2012

BUT...I see a lot more jobs on the boards and I figure it is only a matter of time before I hit the target. I'll get one and with the rate dropping the odds get better.

progressivebydesign

(19,458 posts)
9. I'm also seeing a ton more jobs in the past few months.
Wed Oct 17, 2012, 08:35 PM
Oct 2012

When Bush left office, I literally saw 12 jobs a day on Craigslist in my area.. now there are hundreds. So many of the jobs now are very very specific, though. Seems that employers are not interested unless you have very specific experience in their particular industry. I saw one today for a title company, for an entry level clerical job (not what i'm looking for,) but it was so weird that they required 3-5 years experience in the industry for an entry level receptionist/clerical job. Not sure how that'd work...

Good luck! It's definitely improving!

 

ErikJ

(6,335 posts)
8. US housing construction jumps to 4-year high
Wed Oct 17, 2012, 08:28 PM
Oct 2012

WASHINGTON (AP) — U.S. builders started construction on homes in September at the fastest rate since July 2008 and made plans to build even more homes in the coming months. The gains show the housing recovery is strengthening and could help the economy grow.

The Commerce Department said Wednesday that home construction rose 15 percent last month to a seasonally adjusted annual rate of 872,000. Single-family construction rose 11 percent to the fastest rate in four years. Apartment building increased 25.1 percent.

Applications for building permits, a sign of future construction, jumped nearly 12 percent to an annual rate of 894,000, also the highest since July 2008. http://www.boston.com/business/news/2012/10/17/housing-construction-percent-september/vJU2wMY5HNp7KqOTX3i2sL/story.html

EnviroBat

(5,290 posts)
10. We been posting positions and hiring like crazy lartely.
Wed Oct 17, 2012, 08:43 PM
Oct 2012

But I work for a state university, so according to repukes that counts for nothing...

 

golfguru

(4,987 posts)
11. There are something like 23 million unemployed/under employed
Wed Oct 17, 2012, 08:51 PM
Oct 2012

This is excellent news for those hapless souls. I feel their pain.
I lived all my life of fearing a layoff. It has to be very scary situation.

Mojorabbit

(16,020 posts)
22. I know a lot of 50 plus year old unemployed men
Wed Oct 17, 2012, 11:24 PM
Oct 2012

I sure hope it improves. They are still finding nothing but I live in Fl and we were hit harder than a lot of states.

Jimbo S

(2,958 posts)
48. I thought I had read 15 million in a fact check article
Thu Oct 18, 2012, 11:57 PM
Oct 2012

to debunk Romney

I believe 12 million UE and 3 million who stopped looking for work, plus a certain number under-employed.

I read it this week, but can't the article or a link. Sorry.

Quixote1818

(28,943 posts)
13. Isn't this due to the baby boomer's retiring? As they retire then young people fill their jobs.
Wed Oct 17, 2012, 09:17 PM
Oct 2012

It could really drop like a rock over the next few years because of this.

calimary

(81,298 posts)
35. Welcome to DU, boingboinh!
Thu Oct 18, 2012, 01:07 PM
Oct 2012

Glad you're here. We need you to help us make sure it's OBAMA-BIDEN for four more years.







Now get to work.

zbdent

(35,392 posts)
15. Yes, it's that "liberally-manipulated" numbers racket that kept Obama above the (fictitious)
Wed Oct 17, 2012, 09:29 PM
Oct 2012

8% statement all this time, only to drop below 8% right before the election.

Next, someone will probably tell me that Obama fixed the Dow to where it's nearly double what it was when he took office.




(btw, for the sarcastically-impaired: )

zbdent

(35,392 posts)
20. just in time to lower them
Wed Oct 17, 2012, 10:11 PM
Oct 2012

right before the election. Just so he can get the prices to $5/gallon ...

CBHagman

(16,984 posts)
17. Let's see if The Washington Post, let alone Fox News, condescends to post this.
Wed Oct 17, 2012, 09:34 PM
Oct 2012

I won't be holding my breath, but still, wow!

yellowcanine

(35,699 posts)
21. Yeah except if the official government numbers for Oct come out at 7.6% Romnuts will now say that is
Wed Oct 17, 2012, 10:13 PM
Oct 2012

an increase of 0.3% in just 2 weeks!

ffr

(22,670 posts)
24. Gallup posted 7.3% right after the 7.8 came out
Thu Oct 18, 2012, 01:29 AM
Oct 2012

But I don't believe that's the actual number based on private sector payrolls. I don't think they have access to that data, so saying unemployment is 7.3%, is based on some algorithm they use.

No question though, the unemployment numbers that come out prior to election day will probably substantiate September's 7.8% unemployment number, but October is somewhere lower than that.

But instead of defending the statistics, I'm going to sit back and watch the RW heads explode from doubling & tripling down on the desire to see America FAIL.

SkyDaddy7

(6,045 posts)
25. Again, if Romeny wins this election...
Thu Oct 18, 2012, 05:59 AM
Oct 2012

He will be credited for improving the economy when the real credit should go to Obama...And we will have to go through another 2-3 decades of listening to how Romney fixed the economy after the worst financial disaster since the great depression & there will be no mention of Obama at all.

Not only that but the SCOTUS future for the next 2-3 decades is at stake...Probably the MOST important issue of the election!!

 

wisteria

(19,581 posts)
27. It happens that way all the time.
Thu Oct 18, 2012, 11:29 AM
Oct 2012

Republicans screw up the economy and them a Democrat is elected who can't fix it fast enough, but is leading us forward, and then the American people believe the lies that Repubs are better for our economy and elect a Repub who takes credit for improving it. That is why this time I am determined to do all I can do to make sure President Obama wins this one. It is time to change this unfair pattern.

maddogesq

(1,245 posts)
28. SCOTUS is the elephant in the room that....
Thu Oct 18, 2012, 11:35 AM
Oct 2012

I wish got more airplay, even on Current and MSNBC. It's like, why not just say that there are aging justices that will need replacement? JUST SAY IT!!!!

And by the way, calling Fat Tony or Slappy justices is like calling Paul Ryan Abraham Lincoln.

Digital Puppy

(496 posts)
29. I guess RMoney was right, there will be an adjustment....
Thu Oct 18, 2012, 11:42 AM
Oct 2012

Can't wait to see how the MSM reports this. Not going to hold my breath to see if this gets more mentions than Lindsay Lohan's driving record...

 

sharkman25

(143 posts)
30. Labor Department figures do not agree...
Thu Oct 18, 2012, 12:03 PM
Oct 2012

Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months.

http://www.ows.doleta.gov/press/2012/101812.asp

calimary

(81,298 posts)
33. Welcome to DU, both of you - Digital Puppy and sharkman25!
Thu Oct 18, 2012, 01:00 PM
Oct 2012

Good to have you here. We need you! We need you to help us lock this in for President Obama next month.







Now get to work.

DCBob

(24,689 posts)
34. Not really.. those weekly numbers jump all over the place..
Thu Oct 18, 2012, 01:02 PM
Oct 2012

The 4 week average is the one to watch.. its still in a reasonably low range.. 365,500.

From Reuters..

Initial claims for state unemployment benefits rose a greater-than-expected 46,000 last week to a seasonally adjusted 388,000, the Labor Department said. But the department cautioned that data over the past two weeks appeared distorted by a shift in the way one state was reporting its claims figures. A four-week moving average that smoothes weekly volatility fell from a month earlier, suggesting the lackluster recovery in the job market was on track.

"Things are getting better in the labor market, but only slowly," said Yelena Shulyatyeva, an economist at BNP Paribas in New York.

http://www.reuters.com/article/2012/10/18/us-usa-economy-jobs-idUSBRE89H0NI20121018


denverbill

(11,489 posts)
31. I've had 3 unemployed family/friends get jobs in the last 3 weeks.
Thu Oct 18, 2012, 12:44 PM
Oct 2012

One had been unemployed for quite a while, my stepdaughter for several months, and the third person only a month or so.

Things are definitely turning around.

tclambert

(11,087 posts)
41. You are not fooling anyone, Jack Welch!
Thu Oct 18, 2012, 05:32 PM
Oct 2012

Welch Rabbit. Ha.

You're just trying to distract people from the REAL conspiracy, that on 9/11, airplanes did not destroy the World Trade Center. The two towers were actually secretly moved to Area 51 under orders of the Illuminati, and everything else was fakery. Think about it and see if your head doesn't explode, people.

Politicub

(12,165 posts)
42. Obamacare will spark a boom cycle
Thu Oct 18, 2012, 06:15 PM
Oct 2012

if we get to 2014 without it being repealed by the GOP.

So many people will be entering the system and the bill calls for numerous technological innovations, community clinics, and research on improving outcomes.

The reordering of such a big part of our economy will create opportunities for everyone.

Bank on it.

LW1977

(1,235 posts)
47. hopefully their unemloyment polls are alot more accurate than their daily tracking polls
Thu Oct 18, 2012, 09:01 PM
Oct 2012

There are right wing wackos gloating about how bad it looks for Obama in the Gallup daily tracking.. 52-47 as of today I think. We can't afford 4 years of President Romney.

donna123

(182 posts)
49. All of this needs to be emphasized
Fri Oct 19, 2012, 12:25 AM
Oct 2012

Unemployment falling, consumer confidence rising (there was some article about it rising 15% or so last month), housing rebounding. When people feel confident and optimistic, it helps the economy. When people hear doom and gloom, even if their circumstances are fine, they feel insecure and pessimistic. The good news needs to be emphasized.

I wish people would realize how bad it could have been. Look at Europe, look at Greece and Spain. 25% unemployment, 25%! Social unrest, extreme politicians gaining power. Greece lied about their finances, hid their problems, somewhat comparable to what Bush did by not putting the wars on the books. Bush hid how much he was running up the deficit from the country and then as he was leaving office, he finally gave the country the bill for the wars, like a big F--- you to the country, as his parting gesture. All the while giving us tax cuts while he was in office to make us think he was some great guy. To think, some in this country may fall for it all over again with Mitt's promises of tax cuts that will not stimulate the economy, anymore than Bush's tax cuts did.

We are on the right path. We do not need to make a U turn with Mitt.

fujiyama

(15,185 posts)
50. Fuck Gallup
Fri Oct 19, 2012, 12:55 AM
Oct 2012

I don't trust anything they have to say. Gold standard of polling my ass. I think they're just getting by on their legacy at this point.

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