The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, was 44.4% for the month of December, a slight improvement over 43.7% in November. The current P2P rate still does not match the levels of employment seen in July through October, which exceeded 45% and were the highest since Gallup began tracking P2P in January 2010.
Gallup’s P2P metric is an estimate of the percentage of the U.S. adult population aged 18 and older who are employed full time by an employer for at least 30 hours per week. P2P is not seasonally adjusted.
These results are based on Gallup Daily tracking interviews, conducted by landline and cell phone, with more than 27,000 Americans throughout December. Gallup does not count adults who are self-employed, working part time, unemployed, or out of the workforce as payroll-employed in the P2P metric.
Because of seasonal fluctuations, year-over-year comparisons are helpful in determining how much of the monthly changes are the result of seasonal hiring patterns and growth in permanent full-time positions. December’s P2P measure was up 0.6 percentage points over the 43.6% from December 2011.