Personal income in the world went down in the last year, as reported today from Gallup.
“Twenty-six percent of the world’s adult population was employed full time for an employer in 2012, down slightly from 27% a year ago. This decline reverses the upward trend in Gallup’s Payroll to Population (P2P) measure since the height of the global recession in 2009.
“Gallup’s P2P metric estimates the percentage of the adult population aged 15 and older — not just those currently in the workforce — who are employed full time for an employer for at least 30 hours per week. Gallup does not seasonally adjust its P2P metric. Gallup does not count adults who are self-employed, working part time, unemployed, or out of the workforce as payroll-employed in the P2P metric.
“The percentage of people working full time for themselves was 18% in 2012, a slight decline over 2011 (19%). Thirty-eight percent were out of the workforce (38%), up slightly over 37% in 2011.
“On a regional basis, Northern America, made up of the U.S. and Canada, has the highest P2P rate (42%) of all regions in 2012, followed the group of European countries and areas not in the European Union (40%), which includes Switzerland, Norway, Iceland, and North Cyprus. In both regions, 5% of the population is self-employed, while approximately one-third is not actively participating in the workforce.”