Gallup predicts unemployment to fall to 7.0%

[HagridOfTheDeep]

We've been invested in this election for two years. You'd be disappointed too if the job numbers majorly bucked the trend four days before the election such that it eliminated your candidate's chances. An improvement that large erases two years of hard work. On both sides.

I'm all for seeing people get jobs. I just don't want it to be this month. And I'm not afraid to say it.

[Spanish Moss]

We've been invested in this election for two years. You'd be disappointed too if the job numbers majorly bucked the trend four days before the election such that it eliminated your candidate's chances. An improvement that large erases two years of hard work. On both sides.

I'm all for seeing people get jobs. I just don't want it to be this month. And I'm not afraid to say it.

Which is why people dislike Republicans.

[Cliffy]

I don't think this job report matters, good or bad for either side.  There aren't any undecideds at this point. 

[5280]

We've been invested in this election for two years. You'd be disappointed too if the job numbers majorly bucked the trend four days before the election such that it eliminated your candidate's chances. An improvement that large erases two years of hard work. On both sides.

I'm all for seeing people get jobs. I just don't want it to be this month. And I'm not afraid to say it.

Which is why people dislike Republicans.

Just as many people dislike Democrats, what's your point?  This country is getting move divided, it might as well split into two countries.

[Eraserhead]

There's no way in hell that it will drop by that much (if it even drops at all).

[Torie]

There's no way in hell that it will drop by that much (if it even drops at all).

That about sums it up. When was the last time unemployment fell by 80 basis points, with nobody predicting it beforehand, or in the ballpark? The rate may indeed go up due to those "anomalies." Having said that, construction is coming back in Socal in the last month with a huge roar. It is like, OK, gentlemen, start your engines time. Suddenly, my roommate sees 20 new ads a day in the great OC. He has an interview tomorrow morning.

[Lief 🗽]

There's no way in hell that it will drop by that much (if it even drops at all).

That about sums it up. When was the last time unemployment fell by 80 basis points, with nobody predicting it beforehand, or in the ballpark? The rate may indeed go up due to those "anomalies." Having said that, construction is coming back in Socal in the last month with a huge roar. It is like, OK, gentlemen, start your engines time. Suddenly, my roommate sees 20 new ads a day in the great OC. He has an interview tomorrow morning.

Yup, the Obama Economy truly is roaring back to life.

[ProudModerate2]

We've been invested in this election for two years. You'd be disappointed too if the job numbers majorly bucked the trend four days before the election such that it eliminated your candidate's chances. An improvement that large erases two years of hard work. On both sides.

I'm all for seeing people get jobs. I just don't want it to be this month. And I'm not afraid to say it.

What a horrible thing to say !
Everyday that some long-term unemployed people dont have a job, means that they go without food and shelter for their family.

Spanish Moss' comment and reaction to your (HagridOfTheDeep) post says it all :

Which is why people dislike Republicans.

[Badger]

We've been invested in this election for two years. You'd be disappointed too if the job numbers majorly bucked the trend four days before the election such that it eliminated your candidate's chances. An improvement that large erases two years of hard work. On both sides.

I'm all for seeing people get jobs. I just don't want it to be this month. And I'm not afraid to say it.

That is despicable!

[Negusa Nagast 🚀]

We've been invested in this election for two years. You'd be disappointed too if the job numbers majorly bucked the trend four days before the election such that it eliminated your candidate's chances. An improvement that large erases two years of hard work. On both sides.

I'm all for seeing people get jobs. I just don't want it to be this month. And I'm not afraid to say it.

The trend has been downward for two years. If it's accelerating and more people find themselves employed, it's all the merrier.

[5280]

We've been invested in this election for two years. You'd be disappointed too if the job numbers majorly bucked the trend four days before the election such that it eliminated your candidate's chances. An improvement that large erases two years of hard work. On both sides.

I'm all for seeing people get jobs. I just don't want it to be this month. And I'm not afraid to say it.

The trend has been downward for two years. If it's accelerating and more people find themselves employed, it's all the merrier.

People dropping out of the UE numbers because they run out of UE benefits and finding temporary seasonal jobs is not a recovery.

[King]

Bro, could you change your sig?  There's only so much Ayn Rand staring into my soul I can take.

[Negusa Nagast 🚀]

We've been invested in this election for two years. You'd be disappointed too if the job numbers majorly bucked the trend four days before the election such that it eliminated your candidate's chances. An improvement that large erases two years of hard work. On both sides.

I'm all for seeing people get jobs. I just don't want it to be this month. And I'm not afraid to say it.

The trend has been downward for two years. If it's accelerating and more people find themselves employed, it's all the merrier.

People dropping out of the UE numbers because they run out of UE benefits and finding temporary seasonal jobs is not a recovery.

[Lemmiwinks]

Yeah, there's no way these numbers are right. But if they are, hoo boy...

[Lief 🗽]

I just think it would be hilarious to see Mitt Romney's reaction if they announce 1 million jobs were created last month tomorrow morning.

[King]

I just think it would be hilarious to see Mitt Romney's reaction if they announce 1 million jobs were created last month tomorrow morning.

"1 million new jobs since Romney inspired the nation with his first Presidential debate performance."

[○∙◄☻¥tπ[╪AV┼cVê└]

The seasonally adjusted number is what's reported. They're predicting 7.4% for that.

[Wisconsin+17]

Doubtful.

[Eraserhead]

The seasonally adjusted number is what's reported. They're predicting 7.4% for that.

That'd be excellent (obviously). Not getting my hopes up.

That'd actually be damn close to the 7.2% that Reagan won his landslide reelection with.

[You kip if you want to...]

We've been invested in this election for two years. You'd be disappointed too if the job numbers majorly bucked the trend four days before the election such that it eliminated your candidate's chances. An improvement that large erases two years of hard work. On both sides.

I'm all for seeing people get jobs. I just don't want it to be this month. And I'm not afraid to say it.

Disgusting.

I just think it would be hilarious to see Mitt Romney's reaction if they announce 1 million jobs were created last month tomorrow morning.

"1 million new jobs since Romney inspired the nation with his first Presidential debate performance."

"But don't worry, I like firing people, so I can quickly change it. If you make me President on Tuesday. I'm Mitt Romney and I approve this message."

[opebo]

There's no way in hell that it will drop by that much (if it even drops at all).

That about sums it up. ... Having said that, construction is coming back in Socal in the last month with a huge roar. It is like, OK, gentlemen, start your engines time. Suddenly, my roommate sees 20 new ads a day in the great OC. He has an interview tomorrow morning.

This is the key, Torie (and everyone).  Obviously Gallup's precise numbers/percentages here are way off, but they are getting at something real - the cyclical boom is beginning.  We'll see unemployment dropping by maybe 0.2 percent every month now and by the end of 2013 we'll be back at full employment.  This is just that nature of the highly cyclical neoliberal economy - without many stabilizers, its totally on-again-off-again boom and bust.

Another way to put this is it is precisely only one thing and one industry that has depressed the economy for the last four years - housing/property/construction (and related downstream areas).

[King]

Lolgallup

[5280]

So much for Gallup's predictions, epic fail.

[All Along The Watchtower]

I'm just going to say what other people in this thread are too afraid to: I will be devastated if these are the numbers.

Are you ing serious, dude?

[Grumpier Than Thou]

So much for Gallup's predictions, epic fail.