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The increase in the July GGJ rate is not unexpected, as the measure typically rises between the spring and summer months, peaking in June or July.
At 47.0%, the July GGJ rate is more than five percentage points higher than the all-time low for the measure, 41.7% in February 2011.
Since Gallup first began tracking this measure in 2010, the GGJ
rate has always risen between May and June.
rate typically increases between April and May.
Prior to this year, the GGJ
had increased five times out of seven from March to April since tracking began, and was essentially unchanged the other two occasions.
Gallup began measuring the GGJ
rate in January 2010 and since then, it has generally trended upward over time.
average rate for the first five months of 2016 is 44.8% -- 0.7 percentage points higher than the average for the five-month start to 2015 and more than a full point higher than the January-May averages for any of the previous five years.
However, April 2016 stands out as having the highest GGJ
rate of any April dating back to 2010, as well as the lowest unemployment that Gallup has yet recorded.
metric -- previously labeled "Payroll to Population" or "P2P" -- tracks the percentage of the U.S.