Gallup: Signs of Economic Improvement - Economy added 1.5 million jobs during last month

Gallup Tracking Shows Signs of Economic Improvement
Economy added 1.5 million new full-time jobs during the last month
by Dennis Jacobe, Jenny Marlar, and Frank Newport

PRINCETON, NJ -- Gallup estimates that more than 1.5 million Americans who were underemployed became employed to full capacity over the last month. Gallup's 30-day average underemployment measure (not seasonally adjusted) declined to 19.2% on April 18 -- a sharp improvement from the 20.2% reported on March 21 -- and essentially matching its best level of the year.



Gallup classifies Americans as underemployed if they are unemployed or are working part time but wanting full-time work. The decline in underemployment to 19.2% reflects a decrease in both components, with unemployment at 9.9% and those working part time but wanting full-time work at 9.3%. The highs for these measures since Gallup began tracking in January are 11.3% and 10.0%, respectively. Still, despite signs that the job market is improving, the underemployed in April became no more hopeful (39%) that they would find work or move from part-time to full-time in the next four weeks.

Job Creation Best Since 2008

Gallup's Job Creation Index (not seasonally adjusted) provides additional confirmation of the improving job situation, hitting +5 for the week of April 12-18 -- its best level of the year and its highest since November 2008. The 27% of American workers last week who said their companies are hiring matches the high for the year, while the 22% who reported that their companies are letting people go marks a new 2010 low.



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http://www.gallup.com/poll/127469/Gallup-Tracking-Shows-Signs-Economic-Improvement.aspx

:patriot:

Really? where the hell are they? I still haven't seen any 'new' jobs, just the same old tired ones, in retail, medical and State supported. When are we going to start making things in this country again? I'm pitied when I'm called an American.

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hello, Mr. Warmth.

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All the self-appointed economic experts/naysayers who wanted Geithner and Sommers fired look ridiculous now.

...

The article says that 1.5 million underemployed Americans are now employed to full capacity. Not that 1.5 million jobs were created. This could simply be 1.5 million Americans moving from part to full-time positions. Still good, but not as good as 1.5 million new jobs would be.

...but wanting full-time work. The decline in underemployment to 19.2% reflects a decrease in both components, with unemployment at 9.9% and those working part time but wanting full-time work at 9.3%.

K&R