U.S. Payroll to Population and Unemployment Worsen in May

But self-employment remains strong in 2013

by Jenny Marlar

WASHINGTON, D.C. -- The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, worsened in May, dropping to 43.9%, from 44.5% in April. P2P is also down from May 2012, when it was 44.4%

Year-over-year comparisons are helpful in determining the degree to which monthly changes are the result of growth in permanent full-time positions rather than temporary seasonal hiring. The decline in P2P versus 2012 indicates that fewer people worked full-time for an employer this May compared with a year ago. The 43.9% found this May is similar to the 43.7% recorded in 2011 and 44.0% in 2010.

Gallup's P2P metric is an estimate of the percentage of the U.S. adult population aged 18 and older who are employed full time by an employer for at least 30 hours per week. P2P is not seasonally adjusted.

READ MORE:   http://www.gallup.com/poll/162923/payroll-population-unemployment-worsen-may.aspx?utm_source=tagrss&utm_medium=rss&utm_campaign=syndication