The U.S. Bureau of Labor Statistics (BLS) released the September Unemployment figures on October 3rd. The Seasonally Adjusted Unemployment Rate was 5.9% down from 6.2% in August. The Unadjusted Unemployment rate was also down from 6.3% in August to 5.7% in September.
For the last couple of months the BLS numbers have been surprisingly close to the Gallup numbers but it appears that the period of sanity has ended. This month the BLS numbers went down while the Gallup numbers went up. So Gallup says the unadjusted Unemployment rate is 6.6% while the BLS says it is only 5.7% for a whopping 0.9% difference. That is a 15.8% margin of error. Notice the major divergence at the end of the chart. [Read more…] about September BLS Unemployment Numbers Differ Vastly from Gallup