Remember the big hubbub last month about how Gallup's unemployment survey showed a big month over month increase, so the February employment report was going to be awful?
Well, check out what Gallup's employment report said today:
U.S. unemployment, as measured by Gallup without seasonal adjustment, declined to 8.4% in March from 9.1% in February, while Gallup's seasonally adjusted rate fell to 8.1% from 8.6% in February.Contrast that with the much smaller decline in March of last year:
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Gallup trends show the U.S. unemployment rate declining dramatically over the past year.
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Gallup's seasonally adjusted unemployment rate was essentially unchanged at 8.5% in mid-March from 8.6% in February, but then fell to 8.1% for all of March
Unemployment, as measured by Gallup without seasonal adjustment, was 10.0% in March -- down from 10.2% in mid-March and 10.3% at the end of February.
That's a 0.7% unadjusted month over month decline this year vs. a 0.3% month over month decline last year. And a full 1.9% lower year over year.
Given how important the Gallup report was for the Doomers last month, I'm sure they'll be all over highlighting it again this month.
Right?
3 comments:
My Doomer sentiment increases with the prospects of an Obama 2nd term. Hopefully gas prices will spike in the summer and fall.
Nothing like wishing for a bad economy in order to kick out the guy who fixed the economy, in order to save the economy, right?
Thank goodness for the growing "not in labor force" or someone might think we had an unemployment problem.
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