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Title: U.S. Job Creation Nears Four-Year High
Source:
Gallup
URL Source: http://www.gallup.com/poll/154406/J ... tion-Nears-Four-Year-High.aspx
Published: May 2, 2012
Author: Dennis Jacobe
Post Date: 2012-05-02 11:50:40 by Brian S
Keywords: None
Views: 1669
Comments: 2
PRINCETON, NJ -- Gallup's Job Creation Index increased to +20 in April from +18 in March. Net new hiring is now at its best level since July 2008 and is near +26 -- the highest score Gallup has recorded since tracking began in January 2008. The April Job Creation Index of +20 is based on 36% of workers nationwide saying their employers are hiring workers and expanding the size of their workforce, and 16% saying their employers are letting workers go and reducing the size of their workforce. This is similar to March, when 35% of workers reported workforce expansion at their place of work, while 17% reported workforce reduction. The current 36% "hiring" figure is the highest since August 2008, and the current 16% "letting go" figure is the lowest since July of that year. Net New Hiring Best in South Regionally, job creation is best in the South, with an April Job Creation Index of +23, surpassing the Midwest at +21. The index is +18 in the West and +16 in the East. The West has seen the largest year-over-year improvement in the index, nine points, followed by the South at eight points. The index increased by six points in the Midwest and three points in the East during this time. Job Growth Occurring in Private Sector, Not in Government While private-sector workers report better levels of hiring, with a Job Creation Index of +25 in April, government employees are reporting more firing than hiring, with an index score of -7. Job creation has been in negative territory in all areas of government since late 2011, though the federal government has recently been the most negative. In April, job creation was at -16 as reported by federal government employees, compared with -3 at state governments and -1 at local governments. Implications The fact that more employees are reporting that their companies are hiring and fewer say they are firing is good news for the U.S. job market and those looking for work. It is also consistent with the tendency for hiring to increase in April. Gallup's Job Creation Index is not seasonally adjusted, so some portion of April's increase likely reflects seasonal factors. During April, the South and the West accounted for all of the increase in job creation at the national level. This may be partly the result of high gas prices and their tendency to stimulate jobs in the energy industry, which is heavily concentrated in those regions. It might also reflect some modest pickup in construction, remodeling, and other outdoor activities in some areas of the country more than others. Private-sector job creation is improving even as federal government jobs are disappearing, and state and local government hiring remains weak. As has been seen in Europe, when government is forced to cut back, there are job implications in the short term. During the past two months, private-sector job creation has climbed to new highs, exceeding Gallup Daily tracking results going back to August 2008, when Gallup began measuring government vs. nongovernment employment. Of course, the greater question is whether the improvement in job creation is more indicative of past reductions in the unemployment rate or of further declines yet to come. It may be that employees are reporting hiring that is tied to the unusually warm weather even in April. In turn, this may mean that the recent good news in terms of job creation is more a reflection of the unemployment rates of the first three months of this year than it is a glimpse of the near-term unemployment picture. In this regard, Gallup's unemployment numbers suggest the unemployment situation is not continuing to improve.
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#1. To: Brian S (#0)
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
LOL! Life in the TANK for the messiah "king" obammy has it's challenges doesn't it brianna? I mean who ya gonna believe? Your messiah or your own lying LIFE brianna? LOL! YOUR messiah "king" obanmmy has DESTROYED more AMERICAN jobs than any president in American history. In fact whore your messiah is the only president of the modern era who has FEWER JOBS in AMERICA three and a half years in than he started out with. I LOVE the way that you libTURDS are TRYING to tell people the exact opposite of REALITY! Ask yourself brianna, who are Americans going to believe? YOU whores and tools or their own EXPERIENCES? LOL! FOOL!
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#2. To: Brian S (#0)
Of course, the greater question is whether the improvement in job creation is more indicative of past reductions in the unemployment rate or of further declines yet to come. It may be that employees are reporting hiring that is tied to the unusually warm weather even in April. In turn, this may mean that the recent good news in terms of job creation is more a reflection of the unemployment rates of the first three months of this year than it is a glimpse of the near-term unemployment picture. In this regard, Gallup's unemployment numbers suggest the unemployment situation is not continuing to improve.
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