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)