Good Jobs Rate Improves In July

July Good Jobs rate improved to 47.1 percent from June's 46.0 percent. The current rate is also 1.6 percentage points higher than in July 2015, suggesting an underlying increase in full-time work beyond seasonal changes in employment. The unemployment was 5.1 percent -- the best rates Gallup has recorded for each since 2010. Workforce participation was 67.8 percent, the highest since June 2013.

The unadjusted U.S. unemployment rate was 5.1 percent in July, down nominally from June's 5.3 percent. July's unemployment estimate is the lowest for any month since Gallup began tracking the measure in 2010, besting the 5.2 percent measured in April of this year.

The measure of underemployment in July was 12.7 percent, down from 13.6 percent in June and also the lowest Gallup has recorded since 2010. July's rate also marks the fifth straight month of declining underemployment from February's rate of 14.7 percent.