The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Thursday, October 07, 2010
Gallup Finds U.S. Unemployment at 10.1% in September
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. I believe the Gallup number along with the negative employment report that ADP reported yesterday for the private sector employment picture. However, given that everyone will be watching closely to the BLS number tomorrow, I expect the government's (BLS) final unemployment report before the midterm elections will understate the true unemployment rate.
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