We calculate the single-particle spectral function for the Hubbard mod
el within the framework of a projection technique equivalent to the tw
o-pole approximation. We show that the two-pole approximation can be w
ell understood as an average characterization of the upper and the low
er Hubbard bands, rather than describing a dispersive quasiparticle. B
y comparing with numerical spectra of finite Hubbard rings and of a 4
x 4 cluster [P. W. Leung et al., Phys. Rev. B 46, 11 779 (1992)], we s
how that the present approximation is capable of reproducing essential
properties of the single-particle spectral function. In particular; t
he two-pole spectrum is characterized by a direct gap, in agreement wi
th the exact spectrum. We emphasize the role of local antiferromagneti
c correlations.