Unemployment up to 9.8%, underemployment at 18.9%
With all the employment numbers coming out, remember that it is not just unemployment but underemployment that is really concerning. Via Gallup:
Unemployment, as measured by Gallup without seasonal adjustment, increased to 9.8% at the end of January -- up from 9.6% at the end of December, but down from 10.9% a year ago.
Underemployment -- the combination of part-time workers wanting full-time work and Gallup's U.S. unemployment rate -- was 18.9% in January, essentially the same as the 19.0% of December. Underemployment now stands one percentage point below the 19.9% of a year ago.