Gallup Thinks Unemployment Is Falling, Too

Its numbers are even better than the government's
By John Johnson,  Newser Staff
Posted Oct 17, 2012 1:15 PM CDT
Dozens of job-seekers line up to enter a National Career Fair in New York last February.   (AP Photo/Mark Lennihan)

(Newser) – Nobody tell Jack Welch. Gallup is out with unemployment numbers lending credence to the official government figures. In fact, Gallup's numbers are even stronger: It puts unemployment at 7.3% in mid-October, down from 7.9% in September and the lowest since Gallup began daily tracking in January 2010. Adjusted for the season, the number is higher at 7.7%.

Not all the news is rosy in the survey: It has the percentage of part-time workers who would rather work full time at 9.0% in October, up from 8.6% the previous month. Still, the overall results are "more evidence that the official 7.8% unemployment rate is not the wild outlier people initially thought," writes Joe Weisenthal at Business Insider. (Read more unemployment rate stories.)

My Take on This Story
Show results  |