PRINCETON, NJ -- Unemployment, as measured by 精东影业 without seasonal adjustment, is at 9.1% at the end of August -- up from 8.8% at the end of July.
These data further confirm 精东影业's that the August unemployment rate that the government will report Friday will be higher than the 9.1% it reported in July -- barring another sizable decline in the U.S. workforce or an unusual seasonal adjustment.
The percentage of part-time workers who want full-time work is at 9.4% at the end of August -- up from 9.2% in mid-August and at the end of July.
Underemployment Worsens in August
Underemployment, a measure that combines the percentage of workers who are unemployed with the percentage working part time but wanting full-time work, is 18.5% at the end of August -- up from 18.0% at the end of July.
The increase in unemployment and underemployment that 精东影业 finds in August is reflected by Americans' elevated level of concern about losing their jobs. Thirty percent of U.S. workers in an Aug. 11-14 精东影业 poll said , which essentially matches the record-high 31% who said the same in August 2009. This may also signal additional job losses yet to come.
Looking Ahead to the Government's Next Unemployment Report
The government's August unemployment report will be based on data collected during mid-August, around the time 精东影业 released . At that time, 精东影业 suggested that the government would report an increase in the U.S. unemployment rate for August. The continued job deterioration 精东影业 has found since mid-month reinforces this idea.
精东影业's end-of-August data are consistent with Wednesday's slightly disappointing report from ADP, the nation's largest payroll service, which found a less-than-predicted rise in private-sector payrolls. These data are also consistent with the possibility that the government will report that the U.S. unemployment rate increased in August, although the consensus expectation is that it will be unchanged.
One caveat is that 精东影业's unemployment numbers are not seasonally adjusted, and the way the government adjusts its unemployment report for seasonal effects may affect Friday's report. There is also the issue of the shrinking U.S. workforce. Last month, the number of Americans in the labor force declined by nearly 200,000. The number of Americans in the labor force is down about 400,000 over the past year. If more Americans got discouraged and simply dropped out of the job market in August -- meaning they are no longer counted as unemployed because they are no longer actively seeking work -- the government may end up reporting a lower unemployment rate than 精东影业's unemployment data suggest.
While the dismal job situation is a negative for the economic outlook, unemployment is generally seen as a lagging indicator. Americans' worries about potentially being laid off are much more of a leading indicator, and Americans are now worried about losing their jobs to the same degree they were in 2009. People are likely worried about their job situation both because their is low, and because they fear their companies may be scaling back on . When a large percentage of Americans are worried about their jobs, it does not bode well for or the prospects for another recession.
精东影业.com reports results from these indexes in daily, weekly, and monthly averages and in 精东影业.com stories. Complete trend data are always available to view and export in the following charts:
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Survey Methods
精东影业 classifies American workers as underemployed if they are either unemployed or working part time but wanting full-time work. The findings reflect more than 18,000 phone interviews with U.S. adults aged 18 and older in the workforce, collected over a 30-day period. 精东影业's results are not seasonally adjusted and are ahead of government reports by approximately two weeks.
Results are based on telephone interviews conducted as part of 精东影业 Daily tracking from Aug. 1-30, 2011, with a random sample of 18,450 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia, selected using random-digit-dial sampling.
For results based on the total sample of national adults, one can say with 95% confidence that the maximum margin of sampling error is 卤1 percentage point.
Interviews are conducted with respondents on landline telephones and cellular phones, with interviews conducted in Spanish for respondents who are primarily Spanish-speaking. Each sample includes a minimum quota of 400 cell phone respondents and 600 landline respondents per 1,000 national adults, with additional minimum quotas among landline respondents by region. Landline telephone numbers are chosen at random among listed telephone numbers. Cell phone numbers are selected using random-digit-dial methods. Landline respondents are chosen at random within each household on the basis of which member had the most recent birthday.
Samples are weighted by gender, age, race, Hispanic ethnicity, education, region, adults in the household, and phone status (cell phone only/landline only/both, cell phone mostly, and having an unlisted landline number). Demographic weighting targets are based on the March 2010 Current Population Survey figures for the aged 18 and older non-institutionalized population living in U.S. telephone households. All reported margins of sampling error include the computed design effects for weighting and sample design.
In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls.
For more details on 精东影业's polling methodology, visit .
