Middletown Forum : Unemployment figures a lie ?? http://www.middletownusa.com/forum/ This is an XML content feed of; Middletown Forum : News, Info and Happenings outside Middletown : Unemployment figures a lie ?? Tue, 06 Oct 2026 11:45:34 +0000 Mon, 19 Jul 2010 11:12:46 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 10.12 360 www.middletownusa.com/forum/RSS_post_feed.asp?TID=3143 Middletown Forum http://middletownusa.com/images/blog-logo.jpg http://www.middletownusa.com/forum/ Unemployment figures a lie ?? : Source: Daily FinanceRaghavan... http://www.middletownusa.com/forum/forum_posts.asp?TID=3143&PID=20183&title=unemployment-figures-a-lie#20183 Author: Hermes
Subject: 3143
Posted: Jul 19 2010 at 11:12am

Source: Daily Finance

Raghavan Mayur, president at TechnoMetrica Market Intelligence, follows unemployment data closely. So, when his survey for May revealed that 28% of the 1,000-odd households surveyed reported that at least one member was looking for a full-time job, he was flummoxed.

"Our numbers are always very accurate, so I was surprised at the discrepancy with the government's numbers," says Mayur, whose firm owns the TIPP polling unit, a polling partner for Investors' Business Daily and Christian Science Monitor. After all, the headline number shows the U.S. unemployment rate today is 9.5%, with a total of 14.6 million jobless people.

However, Mayur's polls continued to find much worse figures. The June poll turned up 27.8% of households with at least one member who's unemployed and looking for a job, while the latest poll conducted in the second week of July showed 28.6% in that situation. That translates to an unemployment rate of over 22%, says Mayur, who has started questioning the accuracy of the Labor Department's jobless numbers.

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