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Unemployment Rate Ticks Up To 10.1% According To Gallup

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Thu, 10/07/2010 - 13:14 | 632718 NOTW777
NOTW777's picture

summer of recovery rolls on.

Thu, 10/07/2010 - 13:30 | 632735 bigdumbnugly
bigdumbnugly's picture

so this fall will necessarily be called the Recovery from Summer then?

Thu, 10/07/2010 - 13:17 | 632727 HedgeFun
HedgeFun's picture

Giddey up

Thu, 10/07/2010 - 13:18 | 632732 kaiserhoff
kaiserhoff's picture

Interesting to a point, but often comparing apples and oranges.  Jobs lost are often decently paid with benefits.  Jobs gained are usually part time at Bo Jangles or Taco Bell. 

Ask anyone who is 45 or over and looking for a job what a great economy this is.

Follow social security receipts...   Cry the Beloved Country....

Thu, 10/07/2010 - 13:20 | 632745 Everyman
Everyman's picture

Goodnight Irene!

When Gallup is calling BS on the BLS numbers, it is so in the face of the DOL.  They just HAVE to be embarassed with what is it like 26 staright revisions up over the last year?

Thu, 10/07/2010 - 13:26 | 632756 EscapeKey
EscapeKey's picture

The BLS don't care. To them, it's all about repeating a lie often enough to become a truth. The sheeple will fall for it.



Obama Shows A Spine! Will Veto Bill That Would Bail Out Banks From Foreclosure-Gate


Thu, 10/07/2010 - 18:21 | 633844 Kali
Kali's picture

We create our own reality.  Deficits don't matter.  Useless eaters.

Thu, 10/07/2010 - 13:29 | 632768 max2205
max2205's picture

Quit bothering us BLS folks, we are over at the SEC watching and circle jerking to a great new porn site.

Thu, 10/07/2010 - 14:37 | 633148 midtowng
midtowng's picture

It only makes a difference to people who are paying attention. Joe Sixpack still thinks that the biggest problem facing America is terrorists hiding in caves, gays getting married, and communists in the State Department...or whatever Fox News is trying to scare them with at the moment.

Thu, 10/07/2010 - 13:21 | 632746 Oh regional Indian
Oh regional Indian's picture

This is beyond funny, beyond sad. Come in at 9.9%. Come in at 9.9? More like brought in at 9.9.

In the land of everything for 9.99, at least this joke should be obvious.

Shadowstats is where it's at. Not that they materially matter anymore either. 

I'm feeling rather...escahto-logical! ;-)




Thu, 10/07/2010 - 13:28 | 632765 Paul Bogdanich
Paul Bogdanich's picture

The only context in which the totality of Obama's actions make any sense is if his measuring post is allowing the statute of limitations to expire on the bank crimes without any material prosecutions.  Health care an intentional diversion.  The financial 'reform" bill a worthless instrument.  Broke his own party.  The government goes into grdlock for at least two years and who are the ONLY people that benefit?  The guys under the statute of limitations clock as it goes tick, tick, tick in the background. 

Thu, 10/07/2010 - 13:29 | 632766 Jim Billy Bob J...
Jim Billy Bob James IV's picture

And yet Biden will be on trail stating The Obama has saved 3 million or billion jobs in the last year.

Thu, 10/07/2010 - 16:08 | 633520 RockyRacoon
RockyRacoon's picture

Coulda been Sarah Palin.  Things could be worse...

I reckon that's good for a junking.

Thu, 10/07/2010 - 13:31 | 632773 OutLookingIn
OutLookingIn's picture

You worked one day last month unloading a truck at the food bank?


Okay that means you're not unemployed.

All your unemployment benefits have expired?


Sorry, but that means you're not unemployed.

You work one day a week as a Wal-Mart greeter?


That means you're not unemployed.

You were an area manager for an insurance company and now work as a stock boy for Safeway?


That means you're not unemployed.

Wow! That means our unemployment rate remains fairly low! Next!

Thu, 10/07/2010 - 13:41 | 632821 kaiserhoff
kaiserhoff's picture

We are done with hope and honour

We are lost to love and truth

We are dropping down the ladder, rung by rung

And the measure of our torment

Is the measure of our youth

God help us, for the knew the worst too soon


Thu, 10/07/2010 - 13:46 | 632840 MarketTruth
MarketTruth's picture

Rut Roh.

Thu, 10/07/2010 - 13:59 | 632936 Gonzalo Lira
Gonzalo Lira's picture

The Bureau of Lies & Statistics? Not telling the truth? Why, sir! You either joking, or indulging in the grossest calumny imaginable! 


The hard-working members of the BLS would only tell the truth! They work for the government! It's their duty to tell the truth!


Shame on you for doubting their word!


(BTW, I own a bridge, out in Brooklyn, that I need to sell—a potential bargain for some clever fellow . . .)



Thu, 10/07/2010 - 15:02 | 633244 traderjoe
traderjoe's picture

For what it is worth, September is a 'bad' month for the Birth/Death model. See the NON-seasonal jobs added for part 2 of the model (read the explanation of part 1 as well, since those numbers are never published) here: http://www.bls.gov/web/empsit/cesbd.htm. Notice that the September contribution is lower than the months before and after. Since these are non-seasonal, you can't simply add or subtract to the headline seasonal. But it increases the odds that the NFP number will disappoint. 

BTW, notice how the 2010 numbers are larger than the 2009 numbers? Even after the model was thoroughly debunked in 2008/2009?

Thu, 10/07/2010 - 14:03 | 632946 Gonzalo Lira
Gonzalo Lira's picture

Sorry, accidental repeat. GL

Thu, 10/07/2010 - 14:03 | 632974 Buckaroo Banzai
Buckaroo Banzai's picture

There are so many turds in the "recovery" punch bowl, that there isn't any room left for the punch.

Thu, 10/07/2010 - 14:08 | 633007 Kryten451
Kryten451's picture

Succinctly stated Buckaroo !

Thu, 10/07/2010 - 14:17 | 633059 Incubus
Incubus's picture

Recession is OVER, drinks're on me!




Thu, 10/07/2010 - 14:39 | 633160 Gimp
Gimp's picture

The politicians will NEVER  let the unemployment rate go above 10%. Publicly that is, the spinmasters are working there magic as we type.

Note the usual afternoon market pump up...pathetic

Thu, 10/07/2010 - 15:11 | 633274 George Costanza
George Costanza's picture

rising unemployment is a lagging indicator, to be ignored as already priced in.   Falling unemployment, now that will be a leading indicator and not priced in.   <sarcasm off>

Thu, 10/07/2010 - 15:59 | 633474 bankonzhongguo
bankonzhongguo's picture

BLS, Wadell & Reed, Dow 10,000, POMO, Health Care Reform.

Somebody tell us what can be believed.

Thu, 10/07/2010 - 16:25 | 633588 jtmo3
jtmo3's picture
Come on. You don't really believe the bureau of lying shits is going to actually put out a 9.9 number tomorrow, do you?
Thu, 10/07/2010 - 19:54 | 634010 nmewn
nmewn's picture

Saved or created?

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