U.S. Job Creation Best Since November 2008
Job market conditions improved in all regions but the West, which was unchangedby Dennis Jacobe, Chief EconomistPage: 12 PRINCETON, NJ -- Gallup's Job Creation Index finds current job market conditions nationwide to be the best they have been since November 2008.
Nationally, the Job Creation Index for April -- based on 16,171 U.S. employees' self-reports of hiring and firing activity at their workplaces -- shows that employees' perceptions improved to +5 -- up 3 points from March, and 10 points better than a year ago. Despite its improvement in 2010, the Job Creation Index remains 17 points below its April 2008 level, meaning that job market conditions have a long way to go before they return to where they were early in the recession.
Hiring and Firing Have Both Improved
Twenty-seven percent of U.S. workers report that their companies are hiring, representing a steady, 4-point increase since January, and a similar increase over April 2009. However, hiring remains 11 points below where it was in April 2008. Twenty-two percent say their companies are letting people go -- down 2 points from January and 6 points from April of last year -- but 6 points higher than April 2008's 16%.
Job market conditions are improving in all regions with the exception of the West, which appears to be consolidating recent gains.
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http://www.gallup.com/poll/127724/Job-Creation-Best-November-2008.aspx