Welcome to PatsFans.com

Gallup Finds Significant Drop in Unemployment During October

Discussion in 'Political Discussion' started by Patters, Oct 28, 2011.

  1. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    21,598
    Likes Received:
    690
    Ratings:
    +1,784
    Uh oh, time for the spin.

    Gallup Finds Significant Drop in Unemployment During October

    Unemployment, as measured by Gallup without seasonal adjustment, was 8.3% for the 30 days ending Oct. 23 -- down sharply from 9.0% for the 30 days ending Sept. 4. Over the same period last year, Gallup's U.S. unemployment rate was steady or increasing, suggesting the lower unemployment Gallup has measured in recent weeks is not fully the result of seasonal hiring patterns. As a result, the government next week is likely to report a seasonally adjusted October unemployment rate of less than 9.0%.

    [​IMG]
     
  2. khayos

    khayos In the Starting Line-Up

    Joined:
    Apr 19, 2005
    Messages:
    3,672
    Likes Received:
    0
    Ratings:
    +0
    Great news, I was afraid Obama had driven us too far off the cliff. Still think the Dow is out of synch with reality.
     
  3. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    51,694
    Likes Received:
    1,410
    Ratings:
    +5,028
    I think all of Wall Street is living in a parallel universe..
     
  4. Ilikehappyppl

    Ilikehappyppl 2nd Team Getting Their First Start

    Joined:
    May 9, 2010
    Messages:
    1,744
    Likes Received:
    0
    Ratings:
    +1
    Good news!:rocker:

    Hope it keeps falling, 5-6% would be very nice!:D
     
  5. PatriotsReign

    PatriotsReign PatsFans.com Retired Jersey Club

    Joined:
    Jan 15, 2007
    Messages:
    32,228
    Likes Received:
    632
    Ratings:
    +2,197
    We will have 7-9% unemployment for a few more years. There is just too much wrong with the economy for anything to turn around in a year (for example).

    Real estate is a mega employer in this country when homes are selling. And real estate will be messed up for another 4-5 years.

    I wish this was worth getting excited about, but it isn't.
     
  6. Wolfpack

    Wolfpack Banned

    Joined:
    Sep 6, 2009
    Messages:
    9,108
    Likes Received:
    0
    Ratings:
    +1
    The fact that a liberal is excited over an 8.3% unemployment figure (published by an unofficial source) shows just how abysmal of a failure the crackhead in chief really is and how low their expectations are for him.

    What's next? Doing cartwheels if gas gets below $3.25?
     
  7. PatriotsReign

    PatriotsReign PatsFans.com Retired Jersey Club

    Joined:
    Jan 15, 2007
    Messages:
    32,228
    Likes Received:
    632
    Ratings:
    +2,197
    The Gallup poll does not factor in seasonal employment, so the number is totally bogus. Retailers start hiring seasonal employees for Halloween right through the Christmas season. They are not gainfully employed, so they don't count. They'll be back out of work January 1st.
     
  8. IcyPatriot

    IcyPatriot Moderator PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    43,940
    Likes Received:
    2,171
    Ratings:
    +8,026

    This is true and they do say later that the real number is just below 9%.

    Patters should have looked furthur because the 3rd graph was the best graph and it's great to see - this is a trend in the right direction. We have a long way to go but we're pulling out of it slowly which bodes better for a decent recovery without sharp swings in other areas.

    [​IMG]
     
  9. The Brandon Five

    The Brandon Five PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Aug 21, 2010
    Messages:
    10,391
    Likes Received:
    917
    Ratings:
    +3,836
    Let's hope it continues.
     
  10. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

    Joined:
    Jan 4, 2005
    Messages:
    30,137
    Likes Received:
    740
    Ratings:
    +2,765
    It would be nice, however I follow this number closely for my work, the number of new unemployment claims has been at 400k/week all month. When the non farm payroll and ADP number are released next Thursday and Friday it will be a better indicator.

    This number seems optimistic.
     

Share This Page