Gallup Good Jobs Employment Rate

The U.S. Gallup Good Jobs employment rate was 44.9% in November, down slightly from October. Workforce participation was 67.5%, and unemployment was 5.7%.

Gallup looks at several measures of employment, as an advanced indicator of the numbers the Commerce Department will release later this morning on "good jobs," which are full-time employment jobs, workforce participation rates, unemployment, and underemployment, which is a measure of "involuntary" part-time work.

Key take-aways:

Gallup's November labor market indicators were slightly less rosy than those in October, but still show positive movement year on year. The nominal rates for full-time employment for an employer and workforce participation were both down from October, and unemployment and underemployment were both up. However, compared with November 2014, GGJ and workforce participation were up and unemployment was down.

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