If preview data about employment is any indication, the US government should report a modest uptick in joblessness tomorrow. That would not be particularly surprising give the trend in weekly jobless claims and the recent data from ADP on private payrolls.
A new Gallup poll shows that “The unemployment rate component of Gallup’s underemployment measure increased from 8.9% at the end of July to 9.1% in mid-August, and now stands at 9.3%.” The research firm’s overall data show that those who are unemployed along with people working part-time also rose. “Underemployment, as measured by Gallup, was 18.6% in August, up from 18.4% at the end of July. Underemployment peaked at 20.4% in April and has yet to break below 18.3% this year.”
Gallup claims that this data is a good preview of the data released by the Labor Department at the beginning of each month covering numbers from the prior month
Results are based on telephone interviews conducted as part of Gallup Daily tracking survey Aug. 2-31, 2010, with a random sample of 17,917 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia, selected using random-digit-dial sampling.
Douglas A. McIntyre
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
