U.S. Unadjusted Unemployment Down to 7.0% in October

U.S. Unadjusted Unemployment Down to 7.0% in October

U.S. unemployment, as measured by Gallup without seasonal adjustment, fell to 7.0% for the month of October, down significantly from the 7.9% measured at the end of September. Gallup’s seasonally adjusted unemployment rate is 7.4%, improved more than a half a point from September.

These results are based on Gallup Daily tracking interviews, conducted by landline and cell phone, with approximately 30,000 Americans throughout the month — 68.3% of whom in October reported being active in the workforce. The monthly average for October excludes Oct. 29 and Oct. 30, the two days that Gallup did not poll because of the effects of Superstorm Sandy on the East Coast. Gallup calculates a seasonally adjusted unemployment rate by applying the adjustment factor the government used for the same month in the previous year. For October, Gallup applied the .04 upward adjustment the government used last year.