American employers are putting out help wanted signs at a record-breaking pace, according to a new survey released by Gallup. The U.S. Job Creation Index has held steady at +32 for two months in a row.
June’s robust score tied May’s record with results based on 32% of workers reporting their employer is hiring. That’s compared with 11% of workers who report their employer is shrinking the size of its workforce.
Gallup’s index is based on telephone interviews conducted between June 1-30. To arrive at its results, Gallup researchers added questions to the Gallup U.S. Daily survey, including a random sample of 16,572 adults, ages 18 and older, within the United States.
Respondents are employed full- or part-time. The poll hones in on employees, asking them whether their employers are hiring or letting workers go.
The Historical Perspective
Gallup began tracking job creation back in January 2008 when the Great Recession began making itself felt. That very first index revealed an index score of +26, but fell sharply as the crisis continued.
In early 2009, the number hit is bottom at -5 and stayed in the negative range or close to 0 throughout the year. After that, slow improvements were logged until it reached its former high of +30 in September 2014.
Where Job Creation is the Strongest
Historically Gallup pollsters have found that each region of the country has more or less followed national trends. Steep declines were logged throughout the country in 2008 and 2009 with steady rebounds since then.
While no single region has outperformed others on a consistent basis, researchers have found the East does lag a tad behind others and has done so since 2013.
In June, the East measured an index score of +27, which was slightly below its +30 score in April. In the Midwest, however, the score increased to +36, the highest measure ever for the region. In the West, June’s score registered at +33 and the South fared +30.
What it All Means
Job growth is central to how Americans view the economy, Gallup researchers point out. As of June, Americans were more positive about the overall state of the economy than they had been over the past seven years.
Even so, still reeling from the recession’s effects, Americans still view economic conditions more negatively than positively. Confidence in the economy in June was lower, Gallup says, than it was earlier in the year.
While confidence in the overall economy remains shaken, the American workplace is rebounding in the hiring department, Gallup has found. Whether the index will continue to hold its brisk pace remains to be seen.
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