April 03, 2012
Job market conditions hit best levels since 2008
Job creation continues a steady rise, according to new data from Gallup released in April. Job creation experienced the largest one-month jump in March since 2008, spurring U.S. job market conditions to their best level since August 2008. Gallup’s Job Creation Index, measured at +18 in March, up from +14 in February. The four-percentage-point increase is the largest one-month jump in the index since 2008. The March Job Creation Index shows that 35 percent of U.S. adult works say their employers are hiring and expanding the size of their workforces, while 17 percent say their employers are letting workers go and reducing the size of the workforces. The Midwest leads in net new hiring (strong hiring coupled with relatively low layoffs or firing), followed closely by the South. The East and West lag behind, due mostly to lower hiring.