Underemployment surged to 19.9% in February from 18.9% at the end of JanuaryPRINCETON, NJ -- Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February -- up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010.
There is essentially no difference between the unemployment rate now and the one at this time a year ago; January's rate, in contrast, showed a 1.1-percentage-point year-over-year improvement. This suggests that the real U.S. jobs situation worsened in February. That is, jobs are relatively less available now than in January.
Great graphs and data at link and worth a look. Little wonder the unions and states are clashing so hard. Thanks for the