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Home Front: Politix
Gallup: Unemployment up in October
2010-11-04
Tomorrow, the Department of Labor will release its estimate of unemployment for October, and Gallup says to prepare for an increase from the current 9.6% to as high as 9.9%. The news isn't all bad, though, as Gallup says that the DOL calculations will miss a small hiring binge at the end of the month, although that doesn't take into account seasonal adjustments.
Nice chart and other facts at the hotair link. It really shows that employment is at a standstill. Whether Washington wants to admit it or not, we are in a depression.
Posted by:DarthVader

#2  Election's over, so we can 'correct' out some of the lies now.
Posted by: Glenmore   2010-11-04 12:57  

#1  Gallup can say what it wants.

However, the unemployment rate (or rates if you count U1 through U6 as 6 different rates) is based on the DOL household survey and Gallup does not have access to that. In addition the DOL employment survey (which has the total employment numbers) is very large and it would be very, very, expensive to duplicate. Gallup may be good at sampling and statistical analysis, but that doesn't get you the 2nd significant digit. For that you need lots and lots of actual data.
Posted by: lord garth   2010-11-04 12:32  

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