Gallup: US Unemployment down to 7.3%

[RedSpartan]

Last edited Thu Oct 25, 2012, 01:55 PM - Edit history (1)

Gallup is usually a little bit lower than the actual rate, but I hope this bodes well for the actual numbers next Friday. (Gallup had it at 7.7% on Oct 5, when the official number dropped to 7.8%, so hopefully they are close.)

http://www.gallup.com/poll/125639/Gallup-Daily-Workforce.aspx

[Johnny2X2X]

1. Good NEws

If the BLS number were to drop to 7.4% or even 7.5% 4 days before the election, you would literally see FOX News correspondent's heads explode on TV.

[Laura PourMeADrink]

2. unfortunately I gave up getting excited at their good numbers = seem always much better

[PsychProfessor]

3. but but but

clearly Gallup must be "cooking the books" right?? This is awesome news.

[DrToast]

4. Not seasonally adjusted

If it correlates to the October unemployment number, it's solely because there is little seasonality to consider this time of year.

In other months it will vary wildly because it's not seasonally adjusted.

For example, in December the Gallup unemployment rate will fall quite a bit, but that's a temporary bump due to seasonal hiring.

[yellowcanine]

5. Gallup's number could be influenced by early Christmas hiring now. I read somewhere that UPS was

beginning to add employees. But maybe not until Nov, not sure.