SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Kenneth E. Phillipps12/6/2010 3:36:49 PM
  Read Replies (6) of 224751
 
In Real Time, Without Adjustment, the Jobs Situation Is Improving

In sharp contrast to the government's report Friday that the U.S. unemployment rate increased to 9.8% in November from 9.6% in October, unemployment as measured by Gallup declined to 8.8% in November. This is down from 9.4% in October and 10.1% in September. Because Gallup's U.S. unemployment rate is not seasonally adjusted, some of the late October and November improvement is likely the result of retailers hiring for the Christmas holidays. The demographic data reveal that younger Americans and those with some college education are among those now finding work.

Still, this unadjusted measure may be a better indication of actual labor market conditions than the seasonally adjusted measure reported by the government. Seasonal adjustments are useful for economists to attempt to filter out seasonal effects from underlying data trends, but they are hard to calculate when the U.S. economy has been depressed for about three years. Further, the underemployment rate without seasonal adjustment can be seen as a better indicator of the hiring and firing taking place in the economy.

Additionally, the government's data reflect job market conditions in mid-November. In contrast, Gallup's data measure job conditions throughout the month. In turn, this means Gallup's measure is more up-to-date than the government's report.

Regardless, Gallup data suggest the jobs situation showed substantial improvement in late October and that this improvement continued throughout November. These results seem more consistent with the other signs in the U.S. economy that suggest modest economic improvement than does the government's most recent unemployment report.

gallup.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News