Gallup predicts unemployment to fall to 7.0%

[King]

Those Republicans defending Gallup and their weird polls recently better hope they're wrong on this or else it's curtains for Mitt.  They correctly predicted an 8.1 to 7.9 drop at the end of September (BLS went from 8.0 to 7.8 ).  Now, they say their month to month unemployment in October dropped from 7.8 to 7.0.  

[King]

What if their prediction is inaccurate?

It's a win-win for Democrats.  If this right, Obama wins re-election.  If this wrong, Gallup is a certified joke and the only poll that shows Obama not winning re-election is a joke pollster.

[King]

Read up http://www.zerohedge.com/news/2012-10-07/gallup-goes-town-bls-massagery

gallup actually is promoting a different method altogether to measure UE because of problems with the current method.  It's not as simple as you seem to think that it correlates to Gallup's polling, this is more of a problem with BLS data and calculations.  

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So, what you're saying is that Gallup believes their unemployment data to be far superior to the BLS method and that far superior method show a 0.9 drop in unemployment?

Glorious news!

[King]

No they are using the BLS method for the number they are projecting.  They do a poll based on the BLS methodology with a smaller sample.  They argue that the BLS methodology is flawed and propose a different method to be used. 

Read up http://www.zerohedge.com/news/2012-10-07/gallup-goes-town-bls-massagery

gallup actually is promoting a different method altogether to measure UE because of problems with the current method.  It's not as simple as you seem to think that it correlates to Gallup's polling, this is more of a problem with BLS data and calculations.  

You must be logged in to read this quote.

So, what you're saying is that Gallup believes their unemployment data to be far superior to the BLS method and that far superior method show a 0.9 drop in unemployment?

Glorious news!

So then the BLS is also going to show a drop to 7.0%?

Tremendous news!

[King]

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

[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."

[King]

Lolgallup