Posted on 06/04/2014 10:57:40 AM PDT by SeekAndFind
Gallup's U.S. Job Creation Index reached a new high in its more than six-year trend, registering +27 in May. The prior high had been +26 in the initial monthly measurement of January 2008, just as the recession was taking hold. The index is based on employee reports of hiring activity at their places of employment.
The +27 index score for May is based on 40% of employees saying their employer is hiring workers and expanding the size of its workforce and 13% saying their employer is letting workers go and reducing the size of its workforce. Another 41% report no change in staffing.
After starting out at a fairly high level in January 2008, the index quickly sank over the course of that year as the recession deepened. The index was in negative territory for much of 2009, meaning workers on average said their employers were cutting more workers than they were adding. This included record-low job creation scores of -5 in February and April 2009.
By 2010, the index began to improve, reaching +10 by October 2010 and +20 in April 2012, hovering about the +20 mark throughout 2012 and 2013. After starting this year at +19, the index has shown gains of exactly two points each month.
(Excerpt) Read more at gallup.com ...
First observation/question: How are the surveyed workers selected and how do they know whether their employer is hiring or not? During my corporate career, my various employers might announce an intention to hire but, quite often, didn’t follow through.
Second observation/question: Is a distinction made between hiring one new employee and several new employees? Might make a difference.
All of it temp stuff probably. Work you 10-12 hours a day for $10 an hour, with no chance of long term.
And, pray tell, where the distinction is that these anecdotes of peoples’ company “hiring” more workers saying ‘full time benefits jobs?’.
One easy explanation is firing a full time benefits employee and hiring two part-timers.
Frankly, I can’t put any stock into what the average American worker thinks; they are too much bombarded with bullsh!t to be relevant.
RE: Work you 10-12 hours a day for $10 an hour, with no chance of long term.
Move to Seattle, they just passed a minimum wage law of $15/hour.
What that will do to the price of goods is another thing.
My employer albeit has issues and is still shedding jobs. Thinking about doing consulting for a while if my future is freed up, although ocare has me kinda nervous about doing that. I just figure be nice of control my future myself for a while.
I’m not sure how folks can be enthusiastic right now as I don’t read about a lot of hiring anywhere.
If the GOP doesn’t take the Senate, this fake market will tank.
Can +28 be too far behind ... ??
...chickens before they’re hatched....
...chickens before they’re hatched....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.