Gallup: Underemployment Falls to 18.9% in April

[NJmaverick]

Unemployment falls to 9.7%; part-time workers wanting full-time, to 9.2%
by Dennis Jacobe, Chief Economist
PRINCETON, NJ -- More than 2 million Americans became fully employed in April, as Gallup's "underemployment" rate fell 1.4 points to 18.9% -- the lowest level for this new measure since Gallup began tracking it in December 2009. While part of this improvement is the result of the normal pickup in hiring at this time of year -- and the addition of temporary census workers -- it is good news both for those becoming fully employed and for the economy as a whole.

http://www.gallup.com/poll/127631/Gallup-Underemployment-Falls-April.aspx

[DavidDvorkin]

1. The unrec trolls have been at work on this post already

Predictable.

[rfranklin]

2. You can untwist your panties...

I just gave it a rec.

[DavidDvorkin]

5. That's a strange response.

[Subdivisions]

6. Not when you consider how tiresome it now is to see comments

on un-reccers. Everyone knows there a cabal of un-reccers (probably infiltrators) and there's a fair amount of personality un-reccing. And no manner of pointing it out is going to change that. In fact, I have decided they feed off of complaints of un-reccing.

[DavidDvorkin]

8. A mild observation is scarcely the same as getting one's panties in a twist.

[NJmaverick]

9. I find it telling how some will unrec (in a desperate attempt to hide the truth)

rather than admit they were wrong about our President

[backscatter712]

3. Good news. Slowly, very slowly, too slowly, the economy's recovering.

Unemployment is the measure that matters here, and it's slowly starting to improve.

[NJmaverick]

4. I think the economy is snowballing. As things get better and people feel more confident

it's really going to take off.

[Subdivisions]

7. My prediction here and now: As the economy continues to recover, there

will be another oil price shock that will knock it back down. I'd also venture that the next oil spike will cause another round of defaults in both residential and commercial mortgages.

That's my prediction and I'm sticking to it.

[NJmaverick]

10. Let us hope those that manipulate oil prices have learned their lesson

[backscatter712]

12. They might try, but I don't think the Gulf spill will affect oil prices all that much.

The well that is leaking now is an exploratory well, not a production well, and I imagine that production wells in the Gulf, and elsewhere are chugging along and producing just as they have before the spill.

It may spike, but the speculators won't be able to keep the spike that big, and before long, excessive supply will drag prices back down. Assuming, of course, that the Obama administration puts the kibosh on the really nasty price manipulation that we saw during the Bush administration, which was why gas went about $4.00/gallon.

We'll probably see $3.00/gallon, but not too much above that.

[Subdivisions]

13. Where do you get the idea that there is 'excessive supply' and

do you have any substantiation that the July 2008 price spike was not based on actual supply/demand fundamentals? You make it sound as if crude oil isn't subject to the same rules as any other commodity. You also seem to think we're still living in a world of "easy oil". Also, please show that malicious (implied) price manipulation occured during the period when gas prices spiked and not because of market fundamentals.

[Liberal_in_LA]

11. good news. thanks for posting this