Unemployment back up to 9% in Feb.?

That would be a huge jump from 8.3% in Jan. Combine that with gas prices rising and the outlook for the forseeable future is not rosy. All this talk of a LV comeback is very premature. In Jan. LV had the fewest number of new homes sold ever.

https://www.gallup.com/poll/125639/gallup-daily-workforce.aspx

Gallup: "Because results are not seasonally adjusted, they are not directly comparable to numbers reported by the U.S. Bureau of Labor Statistics, which are based on workers 16 and older. Margin of error is ± 1 percentage point.

So Gallup is confident that it the unemployment rate is between 7.9% and 9.9%. Their huge margin of error is because they phone interview a teeny .004% of the population every day. Also, they only call landlines, which are much more likely to be answered by the unemployed than are cell phones.

The Bureau of Labor Statistics figures have proven to be much more reliable.

Hopefully it's not back up to 9.9%! That would be a record setting waste of stimulus money. I'm sure they have the land line/cell phone matter factored in. They tracked pretty close to the unemployment rate last month. We'll see.

The current unemployment figures are not comparable to even a few years ago.

Today, they do not count those who are still unemployed after their unemployment payments run out.

The real figures are much, much higher than is reported.

Not to mention the average income has dropped quite a bit from a few years ago.

I thought the unemployment rate was based SOLELY on the number of un employeement checks went out and doesn't even take into acct. those whose bennys have run out as previously mentioned. I sincerely hope people are getting back to work. If some of the big corps would start spending some of cash they've been hoarding, it sure would make a big dent,unfortunately i doubt thats gonna happen anytime in the near term.

J

From January 2001 to January 2009, the economy produced net negative private sector jobs, and net positive government jobs.

From January 2009 to present, the economy has product net positive private sector jobs, and net negative government jobs.

That's interesting, because the way a lot of people talk, you'd think it was just the opposite.

Survey Methods
Gallup classifies American workers as underemployed if they are either unemployed or working part time but wanting full-time work. The findings reflect more than 18,000 phone interviews with U.S. adults aged 18 and older in the workforce, collected over a 30-day period. Gallup's results are not seasonally adjusted and are ahead of government reports by approximately two weeks.

Results are based on telephone interviews conducted as part of Gallup Daily tracking from Jan. 17, 2012, to Feb. 15, 2012, with a random sample of 18,630 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia, selected using random-digit-dial sampling.

For results based on the total sample of national adults, one can say with 95% confidence that the maximum margin of sampling error is ±1 percentage point.

Interviews are conducted with respondents on landline telephones and cellular phones, with interviews conducted in Spanish for respondents who are primarily Spanish-speaking. Each sample includes a minimum quota of 400 cell phone respondents and 600 landline respondents per 1,000 national adults, with additional minimum quotas among landline respondents by region. Landline telephone numbers are chosen at random among listed telephone numbers. Cell phone numbers are selected using random-digit-dial methods. Landline respondents are chosen at random within each household on the basis of which member had the most recent birthday.

Samples are weighted by gender, age, race, Hispanic ethnicity, education, region, adults in the household, and phone status (cell phone only/landline only/both, cell phone mostly, and having an unlisted landline number). Demographic weighting targets are based on the March 2011 Current Population Survey figures for the aged 18 and older non-institutionalized population living in U.S. telephone households. All reported margins of sampling error include the computed design effects for weighting and sample design.

In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion Each sample includes a minimum quota of 400 cell phone respondents and 600 landline respondents per 1,000 national adults, with additional minimum quotas among landline respondents by region. Landline telephone numbers are chosen at random among listed telephone numbers. Cell phone numbers are selected using random-digit-dial methods

This is just silly cherry picking. The financial collapse led to a high number of lost jobs. Ending any analysis at that time and starting another one is beyond ridiculous.

Yes, and holding leaders responsible for results is so '90's.