Uh oh, we have a problem. The latest data from Gallup shows that unemployment has risen to 8.9% from 7.9% in just one month.
Check out this chart that I made from Gallup data showing unemployment trends for the latest month (July 20,2013 to August 20, 2013). It's not seasonally adjusted like BLS numbers, but a trend is a trend. In this case, the trend is not your friend. With all of the manipulation of data at the BLS, I like the raw data from Gallup. Yep, I trust the Gallup organization more than the Government.
The last data from Gallup is that "Underemployment" is at 17.9%. Some "recovery." There's a chance that we've entered a recession.