U.S. Unemployment Ticks Down to 7.6% in Mid-December

U.S. Unemployment Ticks Down to 7.6% in Mid-December

But fewer Americans say now is a good time to get a quality job

by Dennis Jacobe, Chief Economist

WASHINGTON, D.C. — U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.6% in mid-December, improved slightly from 7.8% in November. Gallup’s seasonally adjusted unemployment is 7.8% in December, similar to the 7.7% seasonally adjusted rate the U.S. government reported for November.

Gallup Adjusted and Unadjusted Unemployment Rate Trend, January 2011-December 2012

These results are based on Gallup Daily tracking interviews, conducted by landline and cellphone, with approximately 30,000 Americans from Nov. 16-Dec. 15 — 67.0% of whom are active in the workforce. Gallup calculates the seasonally adjusted unemployment rate by applying the adjustment factor the government used for the same month in the previous year — in this case, +0.2 percentage points in December 2011. Gallup’s rolling 30-day survey period differs significantly from the reference period the government’s monthly reports use, which is one week in the first half of the month.

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