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Reply #9: Are Gallup's numbers accurate? They don't jive at all with the latest federal report. [View All]

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ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-11 01:29 PM
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9. Are Gallup's numbers accurate? They don't jive at all with the latest federal report.
The unemployment rate is now at the lowest point since April 2009. It has been falling for three months, down from 9.8 percent in November, marking the sharpest three-month decline since 1983...

When factoring in the number of part-time workers who would rather be working full time and those who have given up looking for work, the percentage of "underemployed" people dropped to 15.9 percent in February. That's the lowest in nearly two years.

The positive news on the hiring front comes as the larger economy is gaining momentum...

The number of "long-term" unemployed, people out of work six months or more, sank to 5.99 million, a decline of 217,000 from January.


http://news.yahoo.com/s/ap/us_economy


Of course, Nate Silver beat Gallup at predicting 2008 and 2010 electoral outcomes, so perhaps the fact that Gallup didn't make a seasonal adjustment on their methodology may account for the discrepancy.

Better wait for the federal report next time. They have been doing it since the Civil War and know how to do it right the first time.
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