Friday, October 8, 2010

Gallup Finds Underemployment at 18.8%

Dennis Jacobe, Chief Economist at Gallup, reports:

"Gallup Finds U.S. Unemployment at 10.1% in SeptemberUnderemployment, at 18.8%, is up from 18.6% at the end of Augustby Dennis Jacobe, Chief EconomistPRINCETON, NJ --

Unemployment, as measured by Gallup without seasonal adjustment, increased to 10.1% in September -- up sharply from 9.3% in August and 8.9% in July. Much of this increase came during the second half of the month -- the unemployment rate was 9.4% in mid-September -- and therefore is unlikely to be picked up in the government's unemployment report on Friday..."

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