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Friday, December 17, 2010

Gallup Finds Unemployment at 9.3% in Mid-December

Unemployment, as measured by Gallup without seasonal adjustment, increased to 9.3% in mid-December -- up from 8.8% at the end of November and roughly matching the 9.2% of mid-November.

The percentage of part-time workers who want full-time work increased to 9.2% of the workforce in mid-December -- up from 8.4% at the end of November, and the highest since mid-September. This suggests that the situation facing those working part time but looking for full-time work has deteriorated sharply during recent weeks.

Underemployment Up Sharply in Mid-December
The increase in Gallup's U.S. unemployment rate and the substantial worsening in the percentage of part-time workers wanting full-time work combined to send underemployment surging to 18.5% in mid-December from 17.2% at the end of November. Underemployment now matches the levels seen in September and mid-October.  (Continues here)

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