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Entries in Underemployment (1)

Thursday
Jan062011

On Eve of Government Jobs Report, Gallup Reports Unemployment Up at Year's End

Photo Courtesy - Getty Images(PRINCETON, N.J.) – After a November improvement in employment, unemployment closed the year at 9.6 percent, up from 8.8 percent at the end of November, according to Gallup. Underemployment rose to 19 percent from 17.2 percent over the same period.

Those who were employed part-time and sought full-time work made up 9.4 percent of the workforce at the end of the year, also an increase from 8.4 percent at the close of November.

Despite an expected increase in hiring and firing during the holiday season, Gallup reported that their job creation index has remained unchanged over the past three months.

The data comes a day before the government is expected to make a report on unemployment and the creation of over 140,000 new jobs in December.

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