Princeton, NJ--Is unemployment, as measured by Gallup without seasonality, 8.9% in mid-June--down from 9.2 in late May and 9.1% in mid-June a year ago.
The proportion of part-time workers seeking full-time, 9.7% in mid-June--improvement of 10.0% at the end of May. However, a little more Americans now part-time but looking for full-time work than it was a year ago.
Underemployment down a bit, but still in mid-June
Underemployment, a measure which combines unemployment rate with the percentage working part time, but want full-time, was 18.6% in mid-June--down from 19.2 at the end of May. However, underemployment is just above now as it was in the middle of June 2010.
The Effects Of
Gallup in the United States unemployment and underemployment data some improvement in the labour market in mid-June, compared with the end of May. This may be partly the result of the seasonal increase in the employer; Gallup data is not modified for such changes. However, underemployment is at the level of 2010.
However, unemployment and underemployment tend to lag behind economic activity. Gallup data on employment for the second quarter of this year, in line with the modest 1.8% GDP growth United States in the first quarter of 2011. But Gallup measures showed improvements proposed by the Government earlier this year, unemployment or deteriorates in April and may. Instead, they showed the unemployment situation is similar to the year 2010 2011.
This in turn implies that real jobs situation right now might be a little better than implied may report the Government unemployment and similar to that of a year ago. On the other hand continued stagnation or further deterioration of the economy of the United States, which seem to be going in the second quarter of 2011, may not be fully reflected in the Gallup poll in mid-June.
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Employmentdaily:, economic confidence and the creation of jobs, , consumer spending
Employmentweekly:, economic confidence, the creation of jobs, , consumer spending
Employmentweekly:, economic confidence, the creation of jobs, , consumer spending
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