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Unexpected! *Rolls Eyes*
U.S. Unadjusted Unemployment Shoots Back Up
Unemployment situation best for college grads, whites, men, and older workers
WASHINGTON, D.C. — 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.
These results are based on Gallup Daily tracking interviews, conducted by landline and cell phone, with approximately 30,000 Americans throughout the month — 67.2% of whom are active in the workforce. Gallup calculates a seasonally adjusted unemployment rate by applying the adjustment factor the government used for the same month in the previous year. Last year, the government adjusted the November rate upward by 0.5 percentage points.
It is unclear what caused the increase in the unemployment rate in November, although some experts speculate that it was caused by jobs lost as a result of superstorm Sandy. It is also possible that lackluster holiday hiring is to blame.
Carlos The Jackal
December 6th, 2012
Even with holiday temporary work? Imagine that!
Be ready for a freaking AVALANCHE of lost jobs after Jan. 1, as businesses realize they didn’t make their “25% of our income is Christmas” quota.
RickeyG
December 6th, 2012
Hmmm…is that merely a correction for the “unexpected” drop in unemployment the month before the election, or is it the begining of an upward trend that may have no end in sight?
Wyatt, Insensitive Progressive Jerk
December 6th, 2012
Things are “looking up” so to speak.
123321123321
December 6th, 2012
Don’t worry, the unemployment numbers will drop off once all these “new comers” are no longer collecting unemployment and are no longer counted as “unemployed”.
JDavid
December 6th, 2012
You ain’t seen nuthin’ yet, baby
Oh, baby,
Oh, baby,
Oh, baby,
Here’s something you’re never gonna forget
You ain’t nuthin’ yet
Stranded in Sonoma
December 6th, 2012
Yep. Still 23.5%
kvn
December 6th, 2012
Wait until February when We the People discover just how devastating ObamaCare ObamaTax is for US workers.
Navy Squid
December 6th, 2012
“It is unclear what caused the increase in the unemployment rate in November, although some experts speculate that it was caused by jobs lost as a result of superstorm Sandy. It is also possible that lackluster holiday hiring is to blame.”
Um… Hello??? Re-electing BO caused it. Morons!
Bad Brad
December 6th, 2012
8.3 my ass. I wish Barry would have kissed us all, I’d feel better about getting this screwed.
Blink
December 6th, 2012
Oh come on. Real unemployment was never actually below 8% coming in to the election. It was just reported as below 8% for the election.It’s now returning to above 8%, mission accompolished, closer to the real unemployment rate. About 3x the official rate.
I’m doing my part, I just filed for unemployment. I wanted my status counted. If I just continued to support myself with savings while looking for new work – I wouldn’t be counted as part of Obama the Enslaver’s economy.
Stranded in Sonoma
December 6th, 2012
I believe it was Menderman that said the unemployment rate would be 9% for August, 8% for September, 3% for October, and then 11% for November. Not that far off.
Once the full force of ObamaTax hits in 2013, even the “official” unemployment rate will go way up. Except this time Krugman won’t be able to blame trying to balance the budget as the cause, like he tried to with the attendant rise in unemployment in 1936-37 which was actually due to the new Social Security taxes.