Unemployment MUCH higher than reported: Gallup

[Vox]

Of course they sucked when he took office and they still suck.

And everyone knows that they're even worse now than when he took over office!

Damn the stats we all know the truth.

No. The numbers are better but nothing to rave about. UE is still quite high.

WHICH numbers? The median income of American family? yeah, it is much better - 4% less than in 2009

 

[midcan5]

I checked both my 'Visegrips' they're still ones made here.

http://www.usmessageboard.com/clean...y-jobs-are-not-being-created.html#post5757140

http://www.usmessageboard.com/polit...e-dumbest-gaffe-or-does-he-6.html#post5651977

Check here for some real reasons. "Thanks to the rules, many of which are written by corporations, a company can pull up stakes and use cheap foreign labor to make the same product it once did in America. It no longer has to meet environmental standards. It no longer has to abide by U.S. labor laws. It no longer has to pay a decent wage. Then the company can ship the product back to the United States where, courtesy of the rules, it will pay little if any duty. How can American workers hope to compete against that? They can't.

Lisa Gentner worked at a company called Carrollton Specialty Products, housed in a one-story warehouse in Moberly, Missouri, a town of 15,000 in central Missouri. Carrollton was a subcontractor for Hallmark Cards, the global greeting card giant based 125 miles west in Kansas City, Missouri. The largely female workforce of 200 provided the hand assembly for a variety of Hallmark products. They tied bows and affixed them to valentines and anniversary greetings. They glued buttons, rhinestones, and pop-ups inside birthday cards. They made gift baskets.

As in many towns across the country, the plant was an economic anchor for Moberly. Manufacturing is often pictured as a big-city enterprise, but a substantial number of plants are the lifeblood of small to medium-sized cities...."

Quote from p24 'Assault on the Middle Class' in 'The Betrayal of the American Dream' authors, Barlett and Steele.

 

[LadyGunSlinger]

Of course it is.

Obama is no leader, just an enemy

-Geaux

Ironic coming from the guy who is displaying two flags of known american enemies.

I wish the American flag could fly behind Obama, but we know he has no respect for it.

As for the confederate flag, live with it

-Geaux

Notice how the DEMORACISTS are worried over your confederate flag and so called "American enemies" but don't give the first stinking crackass damn that Odumbo is great friends with and hung with Bill Ayers, A KNOWN AMERICAN TERRORIST??

 

[RDD_1210]

Of course they sucked when he took office and they still suck.

And everyone knows that they're even worse now than when he took over office!

Damn the stats we all know the truth.

No. The numbers are better but nothing to rave about. UE is still quite high.

No way, things have gotten much worse since Obama has been president. The country was soaring the day before he took office. It's been straight downhill since then.

 

[RDD_1210]

Of course they sucked when he took office and they still suck.

And everyone knows that they're even worse now than when he took over office!

Damn the stats we all know the truth.

sure, it is. the stats prove it - the median income of the average family is LESS 4% today than it was in 2009

or LESS is more for the libtards?

And that 4% is actually closer to 70% when you look at the real numbers.

 

[RDD_1210]

Of course it is.

Obama is no leader, just an enemy

-Geaux

Ironic coming from the guy who is displaying two flags of known american enemies.

I wish the American flag could fly behind Obama, but we know he has no respect for it.

As for the confederate flag, live with it

-Geaux

Right on comrade!

 

[LadyGunSlinger]

Ironic coming from the guy who is displaying two flags of known american enemies.

I wish the American flag could fly behind Obama, but we know he has no respect for it.

As for the confederate flag, live with it

-Geaux

Right on comrade!

Look in the mirror creep. Your god started his political career in the basement of an American terrorist. You're a fucking joke like most kooks on this forum.

 

[NoTeaPartyPleez]

Everyone knows that unemployment is WAY higher than the cooked numbers the Hussein administration puts out.

It's a fucking joke but the media and every progressive will ignore it.

Well, Bush tried to tell you what the problem was in 2008 :

[ame=http://www.youtube.com/watch?v=bT29fq0slGc]Wall Street Got Drunk - YouTube[/ame]

"Wall Street got drunk!" and then he gave the culprits $750,000,000,000 taxpayer dollars as a reward and the rest of us were screwed.

So in typical fashion, the white guys made a big mess and then got a black guy in there to clean it up.

Except Congress didn't want Obama to use a bulldozer, they just gave him a broom and a dustpan because Mitch McConnell said he would do whatever he could to make Obama a one-term president. .

 

[High_Gravity]

While the government next week is expected to say the unemployment picture continues its gradual improvement, one indicator shows this jobs market is the worst in a year and a half.

Widely followed pollster Gallup puts the nation’s unemployment rate at an ugly 8.6 percent in August, a startling jump from the 7.8 percent the organization recorded for July. When counting the underemployed, the rate zooms to 17.7 percent, off its 2013 high of 18.2 percent.

The government puts the jobless figure at 7.4 percent, and 14 percent when including the underemployed and those who have quit looking.

While Gallup’s numbers have offered significant divergences from the Bureau of Labor Statistics data, the two numbers had been running fairly close for most of the year. In fact, Gallup’s tally actually briefly slipped below the government’s in April when it recorded 7.4 percent, compared to the BLS number then of 7.5 percent.

Since reaching that April bottom, though, Gallup’s numbers have surged and tracked above 8 percent for August, reaching their highest level since hitting 8.7 percent in mid-March 2012.

The trend comes at a ticklish time for the economy.

The Federal Reserve is contemplating an exit from its quantitative easing program in which it buys $85 billion a month in Treasurys and mortgage-backed securities.

Central bank policymakers have tied the potential QE pullback to an unemployment rate — as recorded by the BLS — in the 7 percent range, while 6.5 percent would be the minimum hurdle before the Fed would start raising its target interest rate again.

While Gallup’s numbers can be volatile, they have portended rises in the official rate.


The data set is limited, but in previous occasions when the divergence was more than 1 percentage point “the BLS unemployment rate was flat to up over the next three months,” Bespoke Investment Group said.

To be sure, there are major caveats.

The Gallup numbers are not seasonally adjusted, and surveying methodologies differ substantially.

“The BLS method is statistically more rigorous. With the Gallup, you’re basically doing a poll,” said Jacob Oubina, senior economist at RBC Capital Markets. “The Gallup is more of a sentiment-type indicator. Either way, the unemployment rate doesn’t really give you a good indicator of the true state of the labor backdrop.”

Instead, Oubina recommends focusing on the employment-to-population ratio.

The news doesn’t get any better there, though.

The government puts that number at 58.7 percent, a level from which it has deviated little over the past four years since the end of the financial crisis and Great Recession.

According to Gallup, that measure is 43.8 percent, plunging over the years from 63.5 percent in January 2010.

It’s not known whether the Fed is paying attention to what Gallup’s polling shows. If it is, the discussions at the September Open Markets Committee meeting over tapering QE could take on a different tone.

“The employment-to-population ratio is basically bumping along the lows of the cycle,” Oubina said. “We definitely still have a long way to go".

I figured that was the case, when someone is on unemployment and the benefits run out, they are no longer on the rolls so the government doesn't count them but these people are still out there. The numbers are definently more than what is being reported.

 

[boedicca]

Don't worry! Obama is focusing on JOBS now...so a lot of full time jobs will be cut back to part time jobs, and more people will be hired for part time jobs.

Hopenchange!

 

[RDD_1210]

I wish the American flag could fly behind Obama, but we know he has no respect for it.

As for the confederate flag, live with it

-Geaux

Right on comrade!

Look in the mirror creep. Your god started his political career in the basement of an American terrorist. You're a fucking joke like most kooks on this forum.

Bzzzzz, wrong. I don't believe in God. Try again comrade!

 

[LadyGunSlinger]

Right on comrade!

Look in the mirror creep. Your god started his political career in the basement of an American terrorist. You're a fucking joke like most kooks on this forum.

Bzzzzz, wrong. I don't believe in God. Try again comrade!

Nice try at deflecting the absolute truth about what you are.. A HYPOCRITE who voted for a man and cheers for his same POS who is friends with an enemy of America..

 

[RDD_1210]

Look in the mirror creep. Your god started his political career in the basement of an American terrorist. You're a fucking joke like most kooks on this forum.

Bzzzzz, wrong. I don't believe in God. Try again comrade!

Nice try at deflecting the absolute truth about what you are.. A HYPOCRITE who voted for a man and cheers for his same POS who is friends with an enemy of America..

Speaking of hypocrites. Tell us about how you campaigned for and voted for Romney.

 

[blackhawk]

Not counting the under employed and those who have stopped looking for work when figuring the unemployment rate is a con the government has used for a very long time.

 

[pinqy]

While the government next week is expected to say the unemployment picture continues its gradual improvement, one indicator shows this jobs market is the worst in a year and a half.

Widely followed pollster Gallup puts the nation’s unemployment rate at an ugly 8.6 percent in August, a startling jump from the 7.8 percent the organization recorded for July. When counting the underemployed, the rate zooms to 17.7 percent, off its 2013 high of 18.2 percent.

The government puts the jobless figure at 7.4 percent, and 14 percent when including the underemployed and those who have quit looking.

While Gallup’s numbers have offered significant divergences from the Bureau of Labor Statistics data, the two numbers had been running fairly close for most of the year. In fact, Gallup’s tally actually briefly slipped below the government’s in April when it recorded 7.4 percent, compared to the BLS number then of 7.5 percent.

Since reaching that April bottom, though, Gallup’s numbers have surged and tracked above 8 percent for August, reaching their highest level since hitting 8.7 percent in mid-March 2012.

The trend comes at a ticklish time for the economy.

The Federal Reserve is contemplating an exit from its quantitative easing program in which it buys $85 billion a month in Treasurys and mortgage-backed securities.

Central bank policymakers have tied the potential QE pullback to an unemployment rate — as recorded by the BLS — in the 7 percent range, while 6.5 percent would be the minimum hurdle before the Fed would start raising its target interest rate again.

While Gallup’s numbers can be volatile, they have portended rises in the official rate.


The data set is limited, but in previous occasions when the divergence was more than 1 percentage point “the BLS unemployment rate was flat to up over the next three months,” Bespoke Investment Group said.

To be sure, there are major caveats.

The Gallup numbers are not seasonally adjusted, and surveying methodologies differ substantially.

“The BLS method is statistically more rigorous. With the Gallup, you’re basically doing a poll,” said Jacob Oubina, senior economist at RBC Capital Markets. “The Gallup is more of a sentiment-type indicator. Either way, the unemployment rate doesn’t really give you a good indicator of the true state of the labor backdrop.”

Instead, Oubina recommends focusing on the employment-to-population ratio.

The news doesn’t get any better there, though.

The government puts that number at 58.7 percent, a level from which it has deviated little over the past four years since the end of the financial crisis and Great Recession.

According to Gallup, that measure is 43.8 percent, plunging over the years from 63.5 percent in January 2010.

It’s not known whether the Fed is paying attention to what Gallup’s polling shows. If it is, the discussions at the September Open Markets Committee meeting over tapering QE could take on a different tone.

“The employment-to-population ratio is basically bumping along the lows of the cycle,” Oubina said. “We definitely still have a long way to go".

I figured that was the case, when someone is on unemployment and the benefits run out, they are no longer on the rolls so the government doesn't count them.

Where on earth did you hear that nonsense? The unemployment rate has never ever been based on any "rolls"...it's a survey.

Oh, and the margin of error for Gallup 's poll is +/- 1 percentage point, while the BLS error is +/- 0.2
So it's a bit odd for anyone to claim Gallup is more accurate

 

[C_Clayton_Jones]

What’s remarkable is the joy conservatives get out of fellow Americans suffering, and their desire to turn that suffering into some perceived political gain.

 

[Geaux4it]

Adding all these part times jobs is really nice work by Obama. Real genius

-Geaux

 

[RandallFlagg]

While the government next week is expected to say the unemployment picture continues its gradual improvement, one indicator shows this jobs market is the worst in a year and a half.

Widely followed pollster Gallup puts the nation’s unemployment rate at an ugly 8.6 percent in August, a startling jump from the 7.8 percent the organization recorded for July. When counting the underemployed, the rate zooms to 17.7 percent, off its 2013 high of 18.2 percent.

The government puts the jobless figure at 7.4 percent, and 14 percent when including the underemployed and those who have quit looking.

While Gallup’s numbers have offered significant divergences from the Bureau of Labor Statistics data, the two numbers had been running fairly close for most of the year. In fact, Gallup’s tally actually briefly slipped below the government’s in April when it recorded 7.4 percent, compared to the BLS number then of 7.5 percent.

Since reaching that April bottom, though, Gallup’s numbers have surged and tracked above 8 percent for August, reaching their highest level since hitting 8.7 percent in mid-March 2012.

The trend comes at a ticklish time for the economy.

The Federal Reserve is contemplating an exit from its quantitative easing program in which it buys $85 billion a month in Treasurys and mortgage-backed securities.

Central bank policymakers have tied the potential QE pullback to an unemployment rate — as recorded by the BLS — in the 7 percent range, while 6.5 percent would be the minimum hurdle before the Fed would start raising its target interest rate again.

While Gallup’s numbers can be volatile, they have portended rises in the official rate.


The data set is limited, but in previous occasions when the divergence was more than 1 percentage point “the BLS unemployment rate was flat to up over the next three months,” Bespoke Investment Group said.

To be sure, there are major caveats.

The Gallup numbers are not seasonally adjusted, and surveying methodologies differ substantially.

“The BLS method is statistically more rigorous. With the Gallup, you’re basically doing a poll,” said Jacob Oubina, senior economist at RBC Capital Markets. “The Gallup is more of a sentiment-type indicator. Either way, the unemployment rate doesn’t really give you a good indicator of the true state of the labor backdrop.”

Instead, Oubina recommends focusing on the employment-to-population ratio.

The news doesn’t get any better there, though.

The government puts that number at 58.7 percent, a level from which it has deviated little over the past four years since the end of the financial crisis and Great Recession.

According to Gallup, that measure is 43.8 percent, plunging over the years from 63.5 percent in January 2010.

It’s not known whether the Fed is paying attention to what Gallup’s polling shows. If it is, the discussions at the September Open Markets Committee meeting over tapering QE could take on a different tone.

“The employment-to-population ratio is basically bumping along the lows of the cycle,” Oubina said. “We definitely still have a long way to go".

I figured that was the case, when someone is on unemployment and the benefits run out, they are no longer on the rolls so the government doesn't count them.

Where on earth did you hear that nonsense? The unemployment rate has never ever been based on any "rolls"...it's a survey.

Oh, and the margin of error for Gallup 's poll is +/- 1 percentage point, while the BLS error is +/- 0.2
So it's a bit odd for anyone to claim Gallup is more accurate

Tell you what bonehead, since you apparently are incapable of doing even a MINIMUM amount of research - if you don't like the story, take it up with CNBC

Jobless picture is worse than you think: Gallup


Try doing a little footwork yourself, will you?

 

[pinqy]

Tell you what bonehead, since you apparently incapable of doing even a MINIMUM amount of research -

14 years of research, moron. I used to work with these numbers professionally. I'm not even sure what you think I'm mistaken on.

The article itself mentions that Gallup is nowhere near as accurate as BLS

 

[RandallFlagg]

Tell you what bonehead, since you apparently incapable of doing even a MINIMUM amount of research -

14 years of research, moron. I used to work with these numbers professionally. I'm not even sure what you think I'm mistaken on.

The article itself mentions that Gallup is nowhere near as accurate as BLS

I'll tell you once more. Let me put this in caps so perhaps you MIGHT understand:

IF YOU HAVE A PROBLEM WITH THE ARTICLE, TAKE IT UP WITH CNBC!!!

14 years of research and you still can't comprehend a simple statement.