Thursday, October 7, 2010

This can't be good news...

...if you're the party in power.

Tomorrow, Oct. 8, the government's unemployment numbers will be released and expectations (negative ones) already have Democrats looking for higher ground.

The venerable Gallup organization has a new poll out on unemployment today. In brief, it portends more bad things for the Democrats.

You can see the entire report/poll here...

Gallup Finds U.S. Unemployment at 10.1% in September

Underemployment, at 18.8%, is up from 18.6% at the end of August

by Dennis Jacobe, Chief Economist

PRINCETON, NJ -- Unemployment, as measured by Gallup without seasonal adjustment, increased to 10.1% in September -- up sharply from 9.3% in August and 8.9% in July. Much of this increase came during the second half of the month -- the unemployment rate was 9.4% in mid-September -- and therefore is unlikely to be picked up in the government's unemployment report on Friday.

Gallup's U.S. Unemployment Rate, 30-Day Averages, January-September 2010

Certain groups continue to fare worse than the national average. For example, 15.8% of Americans aged 18 to 29 and 13.9% of those with no college education were unemployed in September.

The increase in the unemployment rate component of Gallup's underemployment measure is partially offset by fewer part-time workers, 8.7%, now wanting full-time work, down from 9.3% in August and 9.5% at the end of July.

Depression era jobless: the look of things to come?

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