Welcome to Obama’s fundamental transformation or the new norm as I call it.
The number of Americans saying the time is right to find a quality job fell sharply in December to 19 percent – down from 24 percent in November. Three in four Americans, or 76 percent, say this is a bad time to find a quality job. In January 2007, 48 percent said it was a good time to finds a quality job – the record high for this measure.
The availability of quality jobs is considered a key to economic growth.
The seasonally adjusted unemployment rate for mid-December is 7.6 percent – down 0.2 percentage points compared to November (7.8 percent).
Underemployment, which is measured without season adjustment, is 17.3 percent in mid-December about the same as November (17.2 percent). Gallup combined the percentage of unemployed with the percentage of part-time workers who are looking for full-time work to get the underemployment number.
“Many Americans are settling for part-time jobs as 2012 comes to an end because they cannot find full-time work,” Gallup said.