Thursday, December 6, 2012

Shocker: unadjusted unemployment shoots back up

Huh, and after Obama's reelection...who'd ever guessed it...

Gallup: U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup's seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October's rate.



Hell, the media can start reporting the U-6 number for all intents and purposes. They got their guy back in, so doesn't matter what the public thinks about Obama's attack on the working class...we're all stuck with him now.

Also, nice work, DoJ, in turning the screws on Gallup to gain that October dip.

ADDENDUM: Equally expected, are Friday's bogus numbers, via Breitbart...

As far as the unemployment rate falling to 7.7%, once again it's due to the fact that people have given up looking for work. In November alone, a whopping 540,000 dropped out of the workforce. We're not seeing a drop in unemployment because people are finding work; we're seeing a drop in the unemployment rate because people have given up.

And here's another non-shocker, per CNSNews...

Seventy-three percent of the new civilian jobs created in the United States over the last five months are in government, according to official data published by the Bureau of Labor Statistics.