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Gallup Finds U.S. Unemployment Hitting 10.3% in February

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Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by Guest on Thu Mar 03, 2011 4:26 pm

Gallup Finds U.S. Unemployment Hitting 10.3% in February


http://www.gallup.com/poll/146453/Gallup-Finds-Unemployment-Hitting-February.aspx

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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by Sunrise on Thu Mar 03, 2011 4:36 pm

Warren Buffet said Wednesday on CNBC that the U.S. unemployment rate
should be in the low 7% range by late 2012. If that is going to be the
case, the job creation environment must change dramatically from what it
is today.

What is he smoking!
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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by Guest on Thu Mar 03, 2011 4:48 pm

Sunrise wrote:
Warren Buffet said Wednesday on CNBC that the U.S. unemployment rate
should be in the low 7% range by late 2012. If that is going to be the
case, the job creation environment must change dramatically from what it
is today.

What is he smoking!



Nothing I ever smoked made me that delusional, I suspect he is just lying.

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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by mrgolf on Thu Mar 03, 2011 4:56 pm

I am very interest to see how Gallop's numbers compare to the DOL figures which will released tomorrow
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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by JaneWI on Thu Mar 03, 2011 5:02 pm

mrgolf wrote:I am very interest to see how Gallop's numbers compare to the DOL figures which will released tomorrow

That should be interesting.
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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by Guest on Thu Mar 03, 2011 5:13 pm

Sunrise wrote:
Warren Buffet said Wednesday on CNBC that the U.S. unemployment rate
should be in the low 7% range by late 2012. If that is going to be the
case, the job creation environment must change dramatically from what it
is today.

What is he smoking!

We will have a bunch of $7 an hour jobs at 20 hours per week.

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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by Phillymg on Thu Mar 03, 2011 5:55 pm

mrgolf wrote:I am very interest to see how Gallop's numbers compare to the DOL figures which will released tomorrow
Maybe the difference is that Gallop uses non-seasonally-adjusted ##s & the DOL uses seasonally-adjusted ##s......so Gallop's ##s are always higher.

For Jan. 2011 Gallop reported the ue rate as 9.6% whereas DOL/U3 said 9.1% or .5 lower. Therefore if Gallop is saying Feb. 2011 will be 10.3% that means tomorrow's DOL/U3 ## should be around 9.8%.

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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by mrgolf on Thu Mar 03, 2011 6:41 pm

Phillymg wrote:
mrgolf wrote:I am very interest to see how Gallop's numbers compare to the DOL figures which will released tomorrow
Maybe the difference is that Gallop uses non-seasonally-adjusted ##s & the DOL uses seasonally-adjusted ##s......so Gallop's ##s are always higher.

For Jan. 2011 Gallop reported the ue rate as 9.6% whereas DOL/U3 said 9.1% or .5 lower. Therefore if Gallop is saying Feb. 2011 will be 10.3% that means tomorrow's DOL/U3 ## should be around 9.8%.
Time to make our guesses on what the announced rate will be tomorrow.

My guess is 9.0

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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by Guest on Thu Mar 03, 2011 6:44 pm

My guess 9.2

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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by mrgolf on Thu Mar 03, 2011 7:09 pm

[quote="Need2Bworking"]My guess 9.2

Anybody else care to guess?
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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by Sunrise on Thu Mar 03, 2011 7:09 pm

8.9
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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by Jen on Thu Mar 03, 2011 7:10 pm

I'll guess 9.1 because that is what was predicted in an article the other day.


http://www.bloomberg.com/news/2011-03-02/u-s-companies-added-more-than-estimated-217-000-jobs-last-month-adp-says.html
Companies added 200,000 jobs in
February, while unemployment rose to 9.1 percent, economists
project a Labor Department report to show in two days.


Last edited by Jen on Thu Mar 03, 2011 7:18 pm; edited 1 time in total
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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by Quiethawk on Thu Mar 03, 2011 7:12 pm

5% just kidding..... I with Need 2B 9.2%
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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by KeeptheFaith on Thu Mar 03, 2011 7:31 pm

With all the fuzzy math that they do.....My guess is 8.8%
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Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

Post by mrgolf on Thu Mar 03, 2011 8:21 pm

KeeptheFaith wrote:With all the fuzzy math that they do.....My guess is 8.8%
You could be right. I read somewhere that a lot of the people who "gave up looking for work" and are not counted in the unemployment rate will be coming back into the job market. We'll see.
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