Friday, February 24, 2012

Gallup Finds Unemployment Climbing

Nobody is surprised are they? Except for the Obamaites, but they don’t count. They’re mentally ill and live in a different reality than normal folks. I told you unemployment was going to rise, so did Sean Hannity, and millions of others that are grounded in reality. Let’s be clear, we were better off under Carter than we are now.

The photo below illustrates the face of Obama’s fundamental transformation of America.

[caption id=”attachment_80528” align=”aligncenter” width=”500” caption=”The face of Obama’s America”][/caption]

Unfortunately, thanks to Obama, that photo is far too common a sight in the United States.

(CNSNews.com) – Unemployment in the U.S. rose to nine percent in mid-February, up from 8.3 percent a month earlier, according to a new Gallup survey. The polling company said this suggests that it is “premature” to assume the economy will not feature prominently in the 2012 election season.

Gallup figures typically provide an indication of what the government will report at the end of the month.

“The U.S. unemployment rate, as measured by Gallup without seasonal adjustment, is 9.0% in mid-February,” Gallup said in its mid-month unemployment survey, released on February 17. “The mid-month reading normally reflects what the U.S. government reports for the entire month, and is up from 8.3% in mid-January.”

Gallup said the Bureau of Labor Statistics (BLS) would likely report a rise in the official unemployment rate in early March, when it publishes its February figures.

Remember, that’s the watered down political figure. The U3, which is BS. The real unemployment rate is the U6 which is typically about twice what the government says. Last month the real unemployment number was 15%, so when the official report is released, I expect the real unemployment rate (U6) will show us with an unemployment rate right around 16.5%. We’ll find out next month.