Gallup's estimate: "Unemployment back up over 10%"

I'm diggin' this hopey changey thing more and more, aren't you?  I'm just thrilled by that last phrase:  "a brutal fourth quarter".  It hasn't been this bad for this long since......well since the last time the 'progressives' had super-majority power in the midst of a deep downturn.  The historians called V1.0 of "Hope 'n Change" the "Great Depression".  Sigh.   H/T Instapundit

CHANGE: Gallup: Unemployment rate back over 10%. “In yet another harbinger of tomorrow’s official jobless report, Gallup shows a sharp increase in unemployment for September, pushing their estimate of joblessness to 10.1%. The pollster also warns that tomorrow’s figure will miss some of the change, which will likely lull some into a sense that no action is needed. . . . With unemployment rising again, the upcoming holiday season could be another disaster like 2008. Job insecurity will result in more savings and more frugality in a season that makes or breaks retail businesses. The pending tax hikes will also have some with cash less likely to part with it as well. With that in mind, retailers are going to hire fewer people this holiday season in anticipation of lower demand, and Gallup warns this will mean a brutal fourth quarter for the economy.”

People are running out of money, time and.......hope.  Ironic isn't it?