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Wednesday, February 22, 2012

postheadericon Gallup survey shows 'sharp deterioration in job market' in Feburary

Unemployment could rise back to 9 percent of the U.S. population in Feburary, according to a Gallup survey released Tuesday, painting a grim picture for the Obama administration, which had been temporarily buoyed by promising jobs figures at the end of January.

Gallup's mid-month reading, which traditionally previews the government report issued at the end of the month, shows a rise of seven-tenths of a percentage from the 8.3 percent unemployment rate at the end of January. That would be the worst unemployment figure since September of last year.

The survey firm said seasonal factors â€" including job loss by seasonal workers hired over the holidays â€" could be responsible for the dip.

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