The June good jobs rate rose to 46.3 percent, up from 45.4 in May. The workforce participation rate reached a record-high 68.6 percent. Unemployment and underemployment rates remained steady. While the June 2017 GGJ rate falls short of the high point of 47.1 percent that was recorded in July 2016, it is two points above the average for the rate since its inception in 2010 -- 44.3 percent. It is also nearly five points higher than the low point of 41.7 percent, recorded in February 2011 as the economy was still recovering from the Great Recession.
The workforce participation rose to 68.6 percent in June, a record high for this measure, though it is equivalent to the 68.5 percent rates in April and June 2013. The participation rate is up from 68.0 percent in May and is more than one point higher than it was in June a year ago, when it averaged 67.5 percent.
Gallup's unemployment rate for June was 5.2 percent, virtually unchanged from 5.3 percent in May. It matches the rate of 5.3 percent in June 2016. The unemployment rate is near the record low of 4.9 percent Gallup recorded in November 2016, and well below the high point of 10.9 percent recorded at the outset of Gallup's tracking of this metric in January 2010.
The underemployment rate for U.S. adults was essentially unchanged at 13.6 percent in June, compared to 13.9 percent in May. The current underemployment rate is the same as was recorded in June of last year, though well below the high of 20.3 percent in March 2010. Underemployment was slightly lower in the second half of 2016.
Gallup tracks daily the employment status of the U.S. population and the workforce. Based on an individual's responses to the question series, Gallup classifies respondents into one of six employment categories: employed full time for an employer; employed full time for self; employed part time, but do not want to work full time; employed part time, but want to work full time; unemployed; and out of the workforce. The data are based on a nationally representative sample of 29,000 interviews, including 18,000 in the workforce. Daily results reflect 30-day rolling averages.
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