Saturday, February 05, 2011

Unemployment: 9.0% or 9.9%?

So what is the truth?
We all want the economy to turn around. Many have been out of work for quite a time including some family members of mine.

So having the unemployment rate go down would be a wonderful thing.

However if we are just being told that the numbers are going down when they are really not, well that would be absolutely outrageous.

Why would I think that, well there are many other instances of being told one thing and reality being another.

Gallup Daily: U.S. Employment

 Gallup's U.S. employment measures report the percentage of U.S. adults in the workforce, ages 18 and older, who are underemployed and unemployed, without seasonal adjustment. "Underemployed" respondents are employed part time, but want to work full time, or they are unemployed. "Unemployed" respondents are those within the underemployed group who are not employed, even for one hour a week, but are available and looking for work. Results for each 30-day rolling average are based on telephone interviews with approximately 30,000 adults. Because results are not seasonally adjusted, they are not directly comparable to numbers reported by the U.S. Bureau of Labor Statistics, which are based on workers 16 and older. Margin of error is ± 0.7 percentage points.

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