Many people are probably not aware that the BLS isn't the only agency that makes surveys of unemployment levels. Gallup does too, and today it released a new report.
Gallup's underemployment measure hit 20.0% on March 15 -- up from 19.7% two weeks earlier and 19.5% at the start of the year...
Gallup classifies Americans as underemployed if they are unemployed or working part-time but wanting full-time work. On March 15, Gallup's unemployment rate was 10.3% -- essentially the same as the 10.4% of March 1, but down from 10.8% in mid-February. However, this decline in the percentage of unemployed Americans was more than offset over the past 30 days by an increase in the percentage of those working part-time but wanting full-time work, from 9.0% in mid-February to 9.7% in mid-March.
Gallop ran a poll finding 20% of Americans are either unemployed or working part-time.
Nearly 20 percent of the U.S. workforce lacked adequate employment in January and struggled to make ends meet with reduced resources and bleak job prospects, according to a Gallup poll released on Tuesday.
In findings that appear to paint a darker employment picture than official U.S. data, Gallup estimated that about 30 million Americans are underemployed, meaning either jobless or able to find only part-time work.
Underemployed people spent 36 percent less on household purchases than their fully employed neighbors in January, while six out of 10 were not hopeful about their chances of finding adequate work in the coming month, the poll said.
Gallup surveyed more than 20,000 U.S. adults from January 2 to 31. The results have a 1 percentage point margin of error.
Merrill Lynch has a real unemployment estimate out and it ain't pretty.
what the official unemployment rate misses is the vast degree of ‘underemployment’ as companies cut back on the hours that people who are still employed are working. Those hours have declined 1.2 percent in the past 12 months.
The BLS still counts people as employed if they are working part time, but the number of workers who have been forced into that status because of slack economic conditions has ballooned nearly 70 percent in the past year, according to the study. Rosenberg said was that was a record growth rate for the 15-year period he has studied.
He was laid off from his job at NASA, and couldn't find another job as a scientist. In order to support his family, he took a job driving a courtesy van at a Toyota dealership in Huntsville for $10 per hour
From a local story I've heard way too many times, this scientist isolated the gene which caused Jellyfish to glow in the dark.
His grants ran out and he handed over his research to 3 scientists who won the Nobel prize. The prize winners acknowledged they could not have won without his original research.
There are multiple things wrong with this story, the first being that this scientist is driving a bus. The second is why were his grants cut for this raw research and the 3rd is why was he not included in the Nobel Prize winners?
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