Thursday, June 2, 2016
Gallup U.S. Good Jobs Rate Keeps Climbing
The Gallup Good Jobs rate in the U.S. was 45.5% in May, the highest rate for May since Gallup began measuring it in 2010.
The GGJ metric tracks the percentage of U.S. adults, aged 18 and older, who work for an employer full time -- at least 30 hours per week. Gallup does not count adults who are self-employed, work fewer than 30 hours per week, are unemployed or are out of the workforce as payroll-employed in the GGJ metric.
The latest results are based on Gallup Daily tracking interviews with 31,503 U.S. adults, conducted May 1-31 by landline telephone and cellphone. GGJ is not seasonally adjusted.
The GGJ average rate for the first five months of 2016 is 44.8% -- 0.7 percentage points higher than the average for the five-month start to 2015 and more than a full point higher than the January-May averages for any of the previous five years. The growth of the monthly rate and of the rate for the year so far suggests an underlying increase in full-time work beyond the seasonal changes in employment.
This is not what a recession looks like.
at 1:40:00 PM