Gallup Reports Decline in Payroll-to-Population Employment Rate

from 24/7WallStreet:



In a tracking survey that estimates the percentage of the U.S. population employed at least 30 hours a week, Gallup reports that the payroll-to-population (P2P) employment rate fell from 44.5% in April to 43.9% in May.

The May reading remains well below the 45.7 measured in October 2012, the highest reading in three years.

Gallup’s seasonally adjusted unemployment rate in May is 8.2%, an increase of 0.4% from the firm’s April calculation. The “official” number due out tomorrow from the Bureau of Labor Statistics is expected to remain flat with April’s unemployment rate of 7.5%.

According to Gallup, its P2P metric is based on the entire population, not just those in the workforce, as is the case with unemployment rate computations, nor does the survey include the self-employed, part-time workers, the unemployed or workers who are out of the workforce. ....................(more)

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