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.

This entry was published on December 21, 2012 at 12:22 am. It’s filed under Politics and tagged . Bookmark the permalink. Follow any comments here with the RSS feed for this post.

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