Watch out for surge in joblessness reflected in Nov. 5 unemployment report

Gallup Finds U.S. Unemployment at 10.0% in Mid-October

Unemployment is essentially the same as the 10.1% at the end of September

by Dennis Jacobe, Chief Economist

PRINCETON, NJ -- 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.