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

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Post by Guest 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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Post by Sunrise 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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Post by Guest 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!

Gallup Finds U.S. Unemployment Hitting 10.3% in February 630201

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

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Post by mrgolf 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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Post by JaneWI 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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Post by Guest 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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Post by Phillymg 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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Post by mrgolf 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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Post by Guest Thu Mar 03, 2011 6:44 pm

My guess 9.2

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

[quote="Need2Bworking"]My guess 9.2

Anybody else care to guess?
Gallup Finds U.S. Unemployment Hitting 10.3% in February Questi11
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Post by Sunrise Thu Mar 03, 2011 7:09 pm

8.9
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Post by Jen 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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Post by Quiethawk Thu Mar 03, 2011 7:12 pm

5% just kidding..... I with Need 2B 9.2%
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Post by KeeptheFaith Thu Mar 03, 2011 7:31 pm

With all the fuzzy math that they do.....My guess is 8.8%
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Post by mrgolf 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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