What's even more important is that the under-employment rate is coming down as well. The numbers aren't earth shattering, but any improvement is positive news. Gallup:
The U.S. government will report its March unemployment rate on Friday, April 6. It will be based largely on mid-month reference week conditions. At 8.8%, Gallup's mid-March unadjusted unemployment rate is down by 0.3 points from 9.1% in February. This suggests that "real" unemployment decreased in March. Of course, Gallup's unadjusted rate in February was substantially higher than the government's unadjusted 8.7% rate.
The 0.3-percentage-point decline in mid-March moderates the 0.5-point increase Gallup found in February, but it still leaves the mid-month rate higher than the 8.6% in January. A year ago, Gallup recorded a similar decline in the March unemployment rate of 0.4 points, as it fell to 9.9% in March from 10.3% in February. The percentage of Americans working part time but wanting full-time work also declined in mid-March, to 9.8% from 10.0% in February. While the percentage of unemployed Americans is lower than it was a year ago, the percentage of Americans working part-time but seeking full-time work in mid-March is higher than the 9.2% of March 2011.Note that Gallup's unemployment numbers for last month are higher than the US government's numbers. The explanation is complicated, but you can click through to Gallup's explanation. In any case, both the USG and Gallup both show unemployment dropped, which is good news.