Mid-March Unemployment Data Improves — Gallup
Gallup’s unadjusted US unemployment rate for mid-March fell from 9.1% in mid-February to 8.6%. The official seasonally adjusted US unemployment rate for February is 8.3%. The Gallup survey also indicates that the number of Americans working part-time but wanting full-time…
The Gallup survey also indicates that the number of Americans working part-time but wanting full-time employment also dropped, from 10% in February to 9.8% in March. The survey also reported a drop in underemployment, which Gallup defines as the combined percentage of unemployed workers and the percentage working part-time but wanting full-time employment. Underemployment fell from 19.1% in mid-February to 18.6% in mid-March.
Gallup concluded:
Gallup finds modest increases in job creation and in the percentage of Americans who say now is a good time to find a quality job. These marginal improvements, along with the moderate expansion of the overall U.S. economy, tend to support Gallup’s finding that the unadjusted unemployment rate showed modest improvement in mid-March.
Gallup’s press release is here.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.