Gallup’s unadjusted US unemployment rate for mid-March fell from 9.1% in mid-February to 8.6%. The official seasonally adjusted US unemployment rate for February is 8.3%.
The Gallup survey also indicates that the number of Americans working part-time but wanting full-time employment also dropped, from 10% in February to 9.8% in March. The survey also reported a drop in underemployment, which Gallup defines as the combined percentage of unemployed workers and the percentage working part-time but wanting full-time employment. Underemployment fell from 19.1% in mid-February to 18.6% in mid-March.
Gallup concluded:
Gallup finds modest increases in job creation and in the percentage of Americans who say now is a good time to find a quality job. These marginal improvements, along with the moderate expansion of the overall U.S. economy, tend to support Gallup’s finding that the unadjusted unemployment rate showed modest improvement in mid-March.
Gallup’s press release is here.
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.