Friday, March 4, 2011

Gallup on Unemployment and Underemployment

http://www.gallup.com/poll/146453/Gallup-Finds-Unemployment-Hitting-February.aspx
DIRECT QUOTES
March 3, 2011

Gallup Finds U.S. Unemployment Hitting 10.3% in FebruaryUnderemployment surged to 19.9% in February from 18.9% at the end of Januaryby Dennis Jacobe, Chief EconomistPRINCETON, NJ -- Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February -- up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010....

"The percentage of part-time workers who want full-time work worsened considerably in February, increasing to 9.6% of the workforce from 9.1% at the end of January. A larger percentage of the U.S. workforce is working part time and wanting full-time work now than was the case a year ago (9.3%)...

"Underemployment, a measure that combines part-time workers wanting full-time work with those who are unemployed, surged in February to 19.9%. This resulted from the combination of a sharp 0.5-point increase since the end of January in the percentage unemployed and a 0.5-point increase in the percentage working part time but wanting full-time work. Underemployment is now higher than it was at this point a year ago (19.7%).



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