U.S. Job Creation Nears Four-Year High
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.
Hiring vs Firing
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.