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Gallup Poll Unemployment at 9.1%

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hiroad Respected Neighbor The Hilltop 5055 Posts	March 8, 2012 U.S. Unemployment Up in February Underemployment is 19.1%, up from 18.7% in January by Dennis Jacobe, Chief Economist PRINCETON, NJ -- U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December. The 0.5-percentage-point increase in February compared with January is the largest such month-to-month change Gallup has recorded in its not-seasonally adjusted measure since December 2010, when the rate rose 0.8 points to 9.6% from 8.8% in November. A year ago, Gallup recorded a February increase of 0.4 percentage points, to 10.3% from 9.9% in January 2011. In addition to the 9.1% of U.S. workers who are unemployed, 10.0% are working part time but want full-time work. This percentage is similar to the 10.1% in January, but is higher than the 9.6% of February 2011. As a result, Gallup's U.S. underemployment measure, which combines the percentage of workers who are unemployed and the percentage working part time but wanting full-time work, increased to 19.1% in February from 18.7% in January. This is an improvement from the 19.9% of February 2011. Looking Ahead to the Government's Unemployment Report The February unemployment rate the U.S. government reports on Friday morning will be based largely on mid-month conditions. In mid-February, Gallup reported that its U.S. unemployment rate had increased to 9.0% from 8.3% in mid-January. The mid-month reading normally provides a relatively good estimate of the government's unadjusted unemployment rate for the month. Assuming the government's unadjusted rate increases -- from its 8.8% in January -- to at least match Gallup's mid-month measurement for February, then the government should also report an increase in the seasonally adjusted unemployment rate for February. If the government's unadjusted unemployment rate increases to the degree that Gallup's has from mid-month to mid-month, then the government's seasonally adjusted unemployment rate could show an even larger increase. However, the extent of the seasonal adjustment also makes a difference. Last February, the U.S. Bureau of Labor Statistics applied a seasonal adjustment factor of 0.5 points to its unadjusted unemployment rate for the month. If that same seasonal adjustment is applied to Gallup's mid-month unemployment rate of 9.0%, it would produce a seasonally adjusted unemployment rate of 8.5%. Alternatively, if it was applied to Gallup's full-month unemployment rate of 9.1%, it would produce a seasonally adjusted rate of 8.6%. Gallup therefore forecasts an increase in the unemployment rate. Gallup in February also found a decline in its Job Creation Index, which tends to support an increase in the February unemployment rate. The consensus forecast, however, is for no change in the government's unemployment rate. February jobless claims were running at roughly 350,000 during the month, implying a relatively stable unemployment rate. Additionally, Wednesday's ADP report suggesting that private-sector jobs increased by more than 200,000 in February is also somewhat supportive of a stable unemployment rate forecast. Regardless of what the government reports, Gallup's unemployment and underemployment measures show a substantial deterioration since mid-January. In this context, the increase in unemployment as measured by Gallup may, at least partly, reflect growth in the workforce, as more Americans who had given up looking for work become slightly more optimistic and start looking for work again. So while there may be positive signs, the reality Gallup finds is that more Americans are looking for work now than were doing so just six weeks ago. March 8th 2012 Report Reply

bigbrother Neighbor Muscatine, Iowa 6176 Posts	The Labor Dept's monthly jobs/unemployment rate report comes out tomorrow. Are we getting a little tired of all the liberal lies about jobs? Looky what I found online. Notice it says passed by House- Awaiting Senate action. The 111th Congress was controlled by Libs. But if they are in charge of the Senate now during the 112th Congress; WHY are we seeing these listed as "awaiting Senate action"???? PASSED BY HOUSE - AWAITING SENATE ACTION AMERICAN JOBS AND CLOSING TAX LOOPHOLES ACT—PASSED BY HOUSE Closes tax loopholes, making Wall Street billionaires pay a fair tax on their income Promotes American jobs by restoring credit to small businesses, extending tax incentives for American R&D and energy, rebuilding American infrastructure, expanding youth jobs, and providing tax relief for middle class American families. Enforces corporate accountability, making the oil industry pay to ensure sufficient funds to clean up oil spills. (This summarizes those provisions not yet enacted into law in other legislation.) HOME STAR JOBS ACT—PASSED BY HOUSE Provides immediate incentives for consumers to make their homes more energy-efficient: Creating 168,000 jobs in construction, manufacturing, and retail – some of the hardest hit sectors by the Bush recession Cutting energy costs by up to $500 per year for 3 million families Reducing our dangerous dependence on foreign oil and dirty fuels “MAKE IT IN AMERICA”—PASSED BY HOUSE A national manufacturing strategy to rebuild America, bring home good-paying jobs, and make our nation more secure in the process. The House passed a number of “Make It In America” bills including those that will: Provides effective tools to address the unfair trade practice of currency manipulation by foreign countries, including China in order to help create 1 million American jobs, and take steps to reduce the trade imbalance; enhance the competitiveness of clean energy firms and help rural families and increase demand for American-made energy efficiency goods; build training partnerships between unions, businesses, and educators; ensure that Congress and the Department of Homeland Security buy American-made goods; and direct the president to work with business and state leaders to develop a national manufacturing strategy. Because strong manufacturing means a strong middle class and sustainable job creation, the "Make It In America" agenda has the support of both business leaders and labor unions. COMPETES ACT REAUTHORIZATION—PASSED BY HOUSE Our innovation agenda—investing in modernizing manufacturing; basic R&D; high risk/high reward clean energy research; and teaching science, technology, engineering and math Keeping our nation on a path to double funding for basic scientific research, crucial to some of our most innovative breakthroughs, over 10 years Creating jobs with innovative technology loan guarantees for small and mid-sized manufacturers and Regional Innovation Clusters to expand scientific and economic collaboration Promoting high-risk high reward research to pioneer the cutting edge discoveries of tomorrow through ARPA-E and Energy Innovation Hubs for American energy independence Creating the next generation of entrepreneurs by improving science, math, technology, and engineering education at all levels Supported by U.S. Chamber of Commerce, National Association of Manufacturers, Business Roundtable JOBS FOR MAIN STREET ACT—PASSED BY HOUSE Creates and saves jobs with targeted investments to: Rebuild highways and transit Rehabilitate and repair schools (This summarizes those provisions not yet enacted into law in other legislation.) SMALL BUSINESS AND INFRASTRUCTURE JOBS TAX ACT—PASSED BY HOUSE Extends successful Build America Bonds for schools, hospitals, roads, bridges, and rail lines Creates 160,000 jobs with aid to states to provide subsidies to employers who hire workers Cracks down on foreign tax haven corporations that dodge U.S. taxes and gain an unfair advantage over American companies playing by the rules through the U.S. tax treaty network (This summarizes those provisions not yet enacted into law in other legislation.) DISASTER RELIEF AND SUMMER JOBS ACT—PASSED BY HOUSE Gives disaster-stricken communities aid to rebuild their homes, infrastructure and local economies Creates about 300,000 summer job opportunities for young people JOB CREATION THROUGH ENTREPRENEURSHIP ACT—PASSED BY HOUSE Gives established small businesses and entrepreneurial start-ups the needed tools and resources to thrive, create jobs and drive economic growth. SMALL BUSINESS FINANCING & INVESTMENT ACT—PASSED BY HOUSE Reforms federal small business lending to help save or create 1.3 million jobs annually--making it easier and more affordable to get loans and access capital. Takes steps to encourage smaller lenders to help rural businesses and veteran-owned businesses obtain affordable credit and streamlines application processes making it easier for small businesses to access the loans and investments they need. Wanna know the real asskicker about this info? I got it from Pelosi's website. It is still there under issues and then under jobs and economy tabs on the bottom third of this web page: http://www.democraticleader.gov/issues?id=0002 We don't need any more proof about jobs than that! If these were passed by the House; why does this website list that we are awaiting Senate action? LMBBAO! March 8th 2012 Report Reply
hiroad Respected Neighbor The Hilltop 5055 Posts	Not too warm for a Labor Dept. snow job Last Updated: 11:38 PM, March 7, 2012 Posted: 11:38 PM, March 7, 2012 John Crudele When Americans were asked recently about the most basic economic issue — if they were having trouble putting food on the table — 18.6 percent said yes, they were. That was the highest percentage since the financial crisis began four years ago. I’m mentioning that survey because tomorrow is when the Labor Department reports how many jobs the economy supposedly created in February. Statistics, especially when only taken at their face value, tend to hide what’s really going on. Let’s go through the numbers first so you will not be bamboozled by Labor’s jobs report — or Wall Street’s reaction to it. The experts think Labor will report that the economy created 206,000 new jobs in February. That guess might have even climbed a bit since yesterday, when the ADP National Employment Report, which monitors payroll taxes to determine who just got a private-sector job, said companies created 216,000 jobs last month. That was slightly higher than the experts were predicting. The difference between ADP and Labor’s report is that ADP doesn’t count government jobs. Labor’s figures — as I’ve been telling you for years — don’t give a very good depiction of what is going on in the economy at a particular moment in time. The department wouldn’t argue with that statement. That’s why Labor adjusts and adjusts and adjusts its statistics. Only after those tweaks do you get a very clear idea of what the economy was doing two years ago. Government statisticians would contend that it isn’t their fault that Wall Street has the urge to trade billions of dollars of stock and bonds before the employment numbers are completely polished. How do I know they’d say that? Because government economists in Washington have said this to me many times. Take, just as a single example, Labor’s report in early February. It showed that 243,000 new jobs were created in January. The only problem was that the number wasn’t true. The pure, undoctored, not seasonally adjusted figure showed there was really a loss of 2.689 million jobs. There is always a loss of jobs after the Christmas season. And any professional in the financial industry who doesn’t know that needs to get into another line of work. As I’ve reported before, the 2.689 million job loss turned into a gain of 243,000 only because Labor’s seasonal adjustment programs expected the job losses to be bigger. The warm winter weather probably kept some people from being put out of work, and this threw off Washington’s calculations. Will that same thing happen with tomorrow’s number? That isn’t likely. Yes, the weather has remained warm. But Labor’s computers are expecting undoctored, not seasonally adjusted growth of more than 800,000 jobs in February. So there’s less chance that the seasonal adjustments will be pleasantly surprising. And February isn’t one of those months in which Washington includes a huge guesstimate for jobs added by companies it thinks, but can’t prove, were just started. This so-called Birth/Death Model has been the biggest contributor to job growth — bogus job growth — over the past few years. Stock prices fell sharply on Tuesday for a variety of reasons, but the most important was concern over the US economy. After the January employment report, commentators started spewing nonsense that despite a high 8.3 percent unemployment rate and sharply rising gasoline prices, voters were suddenly OK with the economy. Well, that is turning out to be very wrong. And if you don’t believe people are still very concerned about money issues, just visit a soup kitchen here in New York City. One recent morning I rode along with City Harvest, a charitable groug you should get to know, as it “rescued” food from some of Manhattan’s finest restaurants. Some 564 restaurants — including some of the best in town — as well as top-notch supermarkets contribute food that is turned into meals for the needy. And City Harvest is reporting the same results as the survey — people are having trouble feeding themselves. In its most recent survey last November, City Harvest said there was a 25 percent increase in demand for food since the recession began. And the situation isn’t getting better Read more: http://www.nypost.com/p/news/business/not_too_warm_for_labor_dept_snow_jrlRdFEy5YPQx5nXh8zhNL#ixzz1oYzPBEey March 8th 2012 Report Reply
mallory Respected Neighbor USA 3461 Posts	The unadjusted don't mean much. The adjusted came out and I think it's 8.0%. Look it up if you like. March 9th 2012 Report Reply