Some Oddities In The Unemployment Numbers

Breitbart.com reported today that the the unemployment numbers reported by the Gallop polling organization jumped from 7.7% on July 21 to 8.9% today.

The article reports:

At the end of July, the BLS showed a 7.4% unemployment rate, compared to Gallup‘s 7.8%. Again, a difference not worthy of note. But Gallup’s upward trend to almost 9% in just the last three weeks is alarming, especially because this is not a poll with a history of wild swings due to statistical anomalies. Gallup’s sample size is a massive 30,000 adults and the rolling average is taken over a full 30 day period.

Gallup also shows an alarming increase in the number of underemployed (those with some work seeking more). During the same 30-day period, that number has jumped from 17.1% to 17.9%.

It will be interesting to see how this lines up with the numbers that will be released shortly.

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