Gallup Poll has Unemployment at 10% … Oh That Obama Job Recovery

Two weeks before the 2010 midterm elections and Gallup says unemployment at 10%. Next month’s unemployment report might be even worse than the present one. Wonder why you hear Obama and Democrats with political rhetoric and attack ads against Republicans, they certainly cannot run on the merits of job recovery, the economy or votes for the stimulus.

Unemployment, as measured by Gallup without seasonal adjustment, is at 10.0% in mid-October — essentially the same as the 10.1% at the end of September but up sharply from 9.4% in mid-September and 9.3% at the end of August. This mid-month measurement confirms the late September surge in joblessness that should be reflected in the government’s Nov. 5 unemployment report.

The decline in part-time workers wanting full-time work has led to a situation in which underemployment is declining even as unemployment is increasing. The 18.6% mid-October underemployment figure (the sum of the 10.0% unemployed and the 8.6% employed part time but wanting full-time work) is down slightly from 18.8% at the end of September and is the same as the reading in the middle of last month. …