2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Gallup Good Jobs Rate  
Released On 3/9/2017 8:30:00 AM For Feb, 2017
PriorActual
level44.8 44.4 

Highlights
The Gallup Good Jobs (GGJ) rate in the U.S. was 44.4 percent in February, down slightly from 44.8 percent in January. This is also down a bit from February 2016, when the U.S. GGJ rate was 44.6 percent. For perspective, when Gallup first measured the GGJ rate in January 2010 unemployment was still high coming out of the 2007-2009 recession (10.9 percent). GGJ fell as low as 41.7 percent in February 2011, but improved over the next few months. The highest monthly GGJ rate was 47.1 percent in July 2016.

The GGJ rate has declined year-over-year in two of the past three months -- December 2016 and February 2017. Since its inception, GGJ has generally trended upward, apart from the period spanning January 2012 to April 2014, when the measure generally registered year-over-year decreases. Since May 2014, the GGJ rate once again has registered year-over-year increases in most months.

Gallup's unadjusted U.S. unemployment rate in February was 5.6 percent, down two-tenths of a point from 5.8 percent in January, but still higher than any month since March 2016. Gallup's U.S. unemployment rate represents the percentage of adults in the workforce who did not have any paid work in the past seven days, either for an employer or for themselves, and who were actively looking for and available to work.

Gallup's measure of underemployment in February was 13.9 percent, down slightly from 14.1 percent in January, but still higher than any month since March 2016.

Definition
Gallup tracks daily the employment status of the U.S. population and the workforce. Based on an individual's responses to the question series, Gallup classifies respondents into one of six employment categories: employed full time for an employer; employed full time for self; employed part time, but do not want to work full time; employed part time, but want to work full time; unemployed; and out of the workforce. The data are based on a nationally representative sample of 29,000 interviews, including 18,000 in the workforce. Daily results reflect 30-day rolling averages.  Why Investors Care
 

2017 Release Schedule
Released On: 1/52/23/94/65/46/17/68/38/3110/511/212/7
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


powered by  [Econoday]