Gallup says, according to its mid month reading on unemployment, that for February the unemployment rate is 9.0%. That is a leap from the 8.3% it polled in mid January.
Seasonally adjusted numbers are not real unemployment numbers. They are data sets that are smoothed out to show less volatility than the raw numbers. So to see such a big jump is certainly shocking.
Of course, with the economy loosing in excess of two million real jobs in January it shouldn’t be that surprising. It is hard to smooth out that sort of dip and make it look good.
RSS Feed
Loading ...