Gallup Good Jobs Rate

The U.S. Gallup Good Jobs employment rate was 44.4% in March, down nominally from February's 44.6%. Workforce participation was also down slightly to 67.0% from 67.2%, and unemployment was down slightly to 6.0% from 6.2%.

Gallup analyst Ben Ryan notes, however, that the 44.4% rate, which tracks the percentage of U.S. adults, aged 18 and older, who work for an employer full time -- at least 30 hours per week, is the highest for a March level in six years. Here's Ryan's key take-aways:

The coming months will tell whether this represents a slackening in labor demand that had been picking up steam last year or a conservation of those gains during a season that usually sees higher unemployment and lower rates of full-time work.

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