Gallup: Unemployment rate reaches new lows

Discussion in 'Current Events' started by gmb92, Jun 1, 2012.

  1. gmb92

    gmb92 New Member

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    [h=1]U.S. Unemployment Drops in May, to a New Unadjusted Low[/h][h=2]Underemployed are now more hopeful that they will find work in the next 30 days[/h]
    [​IMG]

    http://www.gallup.com/poll/155000/Unemployment-Drops-May-New-Unadjusted-Low.aspx

    Let it be said that the Gallup estimate is enthusiastically endorsed by forum right-wingers, who dismiss government estimates.

    http://www.politicalforum.com/current-events/175054-gallup-unemployment-hitting-10-3-february.html

    http://www.politicalforum.com/current-events/233243-unemployment-spike-coming-gallup-rises-9-a.html

    Actually, their preferred estimate is whatever shows weaker employment numbers.

    Carry on.
     
  2. Smartmouthwoman

    Smartmouthwoman Bless your heart Past Donor

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    Talk about denial... whatever makes the 'bots feel better.

    [​IMG]
     
  3. gmb92

    gmb92 New Member

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    Looks like the job situation has steadily improved since 2009. Thanks for confirming.
     
  4. Iriemon

    Iriemon Well-Known Member Past Donor

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    Ah, you were one of those citing Gallup as a reliable source weren't you?
     
  5. Iriemon

    Iriemon Well-Known Member Past Donor

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    I noticed Gallup had dropped to 8.0% for the first time too but was going to wait till it went below 8% before noting it.

    It's a small bright spot on an otherwise gloomy day on the jobs front (except for those who are invested in failure for political purposes who can hardly contain their glee). The BLS survey is conducted mid-month, at which time Gallup was unemployment figures in the 8.2-8.3% range. Hopefully this late month drop Gallup reports portends the zenith of a slow patch. We shall see.
     
  6. gmb92

    gmb92 New Member

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    And continuing the trend since the Great Recession, from the BLS, the number of government jobs fell, which offset greater job gains in the private sector. Total private sector gains were 800K, but that number is not seasonally adjusted.

    Republicans do appear to be rather gleeful today. Party first. Country second.
     
  7. gmb92

    gmb92 New Member

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    Also notable is how standards for success change. Bush presided over a net loss in private sector employment, over an astounding 8 years, about 650,000 jobs lost.

    Jan. 2001: 111,631,000
    Jan. 2009: 110,985,000

    After dealing with the effects of the Great Recession, private sector employment has rebounded nicely in just 2-3 years.

    Jan, 2010: 106,800,000
    May 2012: 111,040,000

    About 4 million gained.

    Government employment is where the Bushies excelled. Nearly 1.7 million more were employed.

    Jan. 2001: 20,835,000
    Jan. 2009: 22,576,000

    Government employment has dropped since then.

    Jan. 2010: 22,479,000
    May 2012: 21,969,000

    http://www.bls.gov/webapps/legacy/cesbtab1.htm
     
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  8. Iriemon

    Iriemon Well-Known Member Past Donor

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    They haven't had a lot to be cheeful about the last few months.
     
  9. gmb92

    gmb92 New Member

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    They sat by helplessly as their party nominated what core elements of their party call a "socialist" (the rest of us see as a dumb wealthy elite), knowing that was their best chance at the White House.

    But maybe what Republicans are really happy about is the drop in government employment and rise in private sector jobs. That would be consistent with actual conservative principles, wouldn't it?
     
  10. Iriemon

    Iriemon Well-Known Member Past Donor

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    Maybe. Maybe what they are really happy about is that economy isn't growing as strong as it had been, and they know full well that a weaker economy improves their chances in November.
     
  11. BestViewedWithCable

    BestViewedWithCable Well-Known Member

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    Yes Yes.... Ignore reality, statistics, facts, and common sense...

    Obama is super awesome, aint that right leftys?
     
  12. gmb92

    gmb92 New Member

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    They have a vested interest in economic failure, for sure.
     
  13. Mac-7

    Mac-7 Banned

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    It so then their most importune asset is Obama.
     
  14. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    YOu were the one calling 133,000 jobs in a month at the same time new jobless claims were 383,000 in ONE WEEK, an "increase in jobs:, weren't you?
     
  15. thediplomat2.0

    thediplomat2.0 Banned

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    Gallup and the BLS often differ in terms of unemployment trends. I tend to calculate my own unemployment rates. That way, I absolutely know for myself how the labor market is doing.
     
  16. Iriemon

    Iriemon Well-Known Member Past Donor

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    No, I was the one pointing out your complete lack of understanding of these figures.
     
  17. cupid dave

    cupid dave Well-Known Member

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    There are two Unemployment Numbers put out by the government but the public does not get to hear about the U6 number.
    The public number mentioned here is called the U3 number.
    It counts just the people who come in for their checks.

    U6 counts the people who no longer get a check but are still unemployed.
    That number shows @ 20% unemployment, a very dangerous size since communists beginning gaining momentum for an economic take over with large rallies and big massive turn outs clamoring for any kind if new deal.

    Both Republicans and Democrats have much to lose if the momentum grows as it did in Venezuela.


    The good news is that 80 million unkilled laborers are working, but at a min wage which should have been raised much higher than the present $7/hr.

    The solution to unemployment is to increase Consumer Spending.
    That raises Demand and the jobs open up in order to produce the Supply side.
     
  18. danielpalos

    danielpalos Banned

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    Here are the U6 numbers for the current year: Jan 15.1, Feb 14.9, Mar 14.5, Apr 14.5, May 14.8

    Source: http://portalseven.com/employment/unemployment_rate.jsp

    In my opinion, our elected representatives should be providing for the common defence and general welfare of the United States. It is specifically enumerated, after all.

    What objection can there be to actually solving poverty through unemployment compensation instead of merely paying for our Wars on Crime, Drugs, and Poverty for over a generation and not calling them boondoggles and generational forms of theft?
     
  19. Iriemon

    Iriemon Well-Known Member Past Donor

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    Putting aside the fact that you are totally wrong on multiple levels regarding the BLS U-3 and U-6 designations (and I would be interested to know where you got your ideas from), what does any of this have to do with Gallup's figures?
     
  20. Pollycy

    Pollycy Well-Known Member

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    Is this "8% unemployment" stat the one that they came up with excluding all the people who are unemployed but who gave up looking for work? This article dating from a few weeks ago when things were relatively "good" holds that the real unemployment rate -- which includes "workforce participation" in the algorithm -- is 14.5% - 18%. I tried to choose a reliable news source, and not a blog: http://www.nypost.com/p/blogs/capitol/the_real_unemployment_rate_Dz8PweHqsH1MVVwgkK51mI I know your dislike for WND, for instance, and that is quite understandable since they were reporting that the real unemployment rate is 22.5%: http://www.wnd.com/2012/02/real-unemployment-rate-22-5/ Also, it appears that April wasn't as good as first reported, so they revised it (not for the first time): http://www.kansascity.com/2012/06/01/3637294/hiring-plunges-in-may-april-revised.html

    I do value your opinion about these things because I know that you value accuracy in reported facts, whether they favor Left or Right, and that is admirable. I'm sure it is irritating to both of us that it seems like the "authorities" can't ever seem to get their numbers right, or, they base their numbers on strange criteria (like just leaving out unemployed people who have given up even trying to find work in this peculiar "recovery" that Obama's got going)....
     
  21. danielpalos

    danielpalos Banned

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    I believe that the electorate of the United States deserves better than merely political passions of the moment.
     
  22. coolguybrad

    coolguybrad New Member

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    Gallup can only poll those who continue to have phones to call.
     
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  23. danielpalos

    danielpalos Banned

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    What objection can there to actually solving official poverty instead of merely paying for a war on poverty for over a generation.

    Why should the People be held "hostage" to elected representatives who are only interested in denying and disparaging individual liberty?
     
  24. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Meanwhile the ACTUAL NUMBERS show unemployment GOING UP, to 8.2%. 383,000 NEW jobless claims just last week.

    Duh....
     
  25. danielpalos

    danielpalos Banned

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    Would an unemployment rate be a political issue, instead of merely an economic phenomena, if persons could apply for unemployment compensation in full compliance with the concept and legal doctrine of employment at will?
     

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