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Thursday, May 5, 2016

Good Jobs Rate Up Only Nominally

April Gallup Good Jobs (GGJ) rate was 44.9 percent, up nominally from the March rate (44.4 percent) and, although lower than a number of months last summer and fall, it is higher than the rate in any April since Gallup began measuring it in 2010. The current rate is a full percentage point higher than in April 2015, suggesting an underlying increase in full-time work beyond seasonal changes in employment.

The percentage of U.S. adults in April who participated in the workforce -- by working full time, part time or not working but actively seeking and being available for work -- was 67.3 percent. This is up slightly from the March rate (66.9 percent) and just above the 66.9 percent average workforce participation rate since July 2013. Current workforce participation is slightly lower than the period from March 2010 to June 2013, when it averaged 67.7 percent.

The survey's unadjusted unemployment rate was 5.2 percent, down from March's 6.0 percent. April's unemployment estimate is the lowest for any month since Gallup began tracking the measure in 2010, and marks a general and continuing decline in unemployment over that period. Underemployment was 13.8 percent, also down slightly from March (14.4 percent) and tied with October 2015's measure for the lowest Gallup has recorded since 2010.

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