S&P 500
7,507.80
-0.22%
Dow Jones
51,595.40
-0.32%
Nasdaq 100
30,411.80
-0.23%
Russell 2000
2,975.48
-0.09%
FTSE 100
10,384.80
-0.34%
Nikkei 225
71,987.20
+0.02%

Investing

Gallup Data Shows Higher Unemployment

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

ADP numbers may have shown an addition of 216,000 jobs to private payrolls last month. Positive news from ADP usually means the the government figures for joblessness will be good. The consensus of economists is that there was a jobs gain of 200,000 in February, although weekly jobless claims were up 18,000 to 362,000

Gallup keeps it own survey of jobs and its measure shows trouble in the job market last month.

The research firm reports that

U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December. Underemployment increased to 19.1% from 18.7% the prior month.

If the numbers are even directionally correct, federal figures will show an unexpected loss of jobs, which would almost certainly cause a market sell-off

 

Invalid Image

 

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Unemployment Rose Recently

Unemployment is rising. Or, it may not be. New applications for jobless claims fell 20,000 from last week to 368,000.…

A Week of Continued Strong Jobs Data Pushes Chances of Fed Rate Hike in March
Jon C. Ogg |

A Week of Continued Strong Jobs Data Pushes Chances of Fed Rate Hike in March

Maybe all that post-election economic hope and all the day in and day out record highs on the Dow Jones…

Douglas A. McIntyre |

Economic Confidence Reaches Three Year High

There are a number of measure of consumer and economic confidence. One comes from the Conference Board, and another from…

Douglas A. McIntyre |

A Preview Shows Unemployment Will Rise

If preview data about employment is any indication, the US government should report a modest uptick in joblessness tomorrow. That…

Douglas A. McIntyre |

Sixty-One Percent Of Unemployed Not Hopeful About Finding Work

In another blow to the notion that unemployment will improve, those with their feet on the streets looking for jobs…

Douglas A. McIntyre |

Consumer Confidence Slips Back To Recession Period Levels

The effects of high unemployment, a troubled housing market, and households which remain leveraged at a relatively high level have…

Douglas A. McIntyre |

Unemployment Becomes Top Worry Among Americans

ThinkstockDespite an improvement in the nation’s jobless rate, concern about unemployment has become the top worry among Americans. The news…

Douglas A. McIntyre |

A Sickening Dip In Economic Confidence

Americans have begun to lose confidence in the economy again. Gallup data shows the figure is back to the level…

Douglas A. McIntyre |

Small Business Despairs, Despite Rumors Of A Recovery

The government and most economists say that the recession is over. It ended late last year, in fact. Several recent…

Top Gaining Stocks

CarMax
KMX • Vol: 7,330,419
Corning
GLW • Vol: 22,800,969
Intel
INTC • Vol: 233,719,006
Super Micro Computer
SMCI • Vol: 68,465,534
Enphase Energy
ENPH • Vol: 13,978,376

Top Losing Stocks

Accenture
ACN • Vol: 41,744,333
EPAM Systems
EPAM • Vol: 5,636,587
Cognizant
CTSH • Vol: 61,311,400
Coterra Energy
CTRA • Vol: 73,319,495
Kroger
KR • Vol: 26,704,230