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August 22, 2013

Polled Unemployment Soars To March 2012 Levels

Topics: Political News and commentaries

Unemployment rates have jumped notably in the last month to their highest in 13 months.

20130822_unemp_0.jpg

Via Zero Hedge:

[...] Gallup tracks daily the percentage of U.S. adults, aged 18 and older, who are underemployed, unemployed, and employed full-time for an employer, without seasonal adjustment. Due to the lack of Arima-X 'magic' the results are specifically not comparable to the BLS data, but, as the chart below suggests, the correlation is high. What is most worrying about the latest data is the rapid rise in both unemployment and underemployment that the Gallup poll finds (to 8.9% unemployment and 17.9% underemployment. ...
As we posted yesterday, Gallup is showing a sizable 30 day jump in the unemployment rate, from 7.7% on July 21 to 8.9% today.

Interestingly, these numbers appear to jive with what could be the 'anticipatory' reasoning behind Obama's billionaire BFF George Soros having made a huge bearish bet against the Obama economy. When a man that makes his money on money and betting on the future bets against the economy, and just happens to be a huge supporter of Barack Obama and radically far-left liberal-progressive causes, it speaks volumes about where he thinks Obamanomics is taking us.

Posted by Hyscience at August 22, 2013 11:53 AM



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