Some Bullish News For This Friday's Jobs Report

From Gallup from yesterday:

Gallup’s Job Creation Index was at +15 in June. While this does not differ much from the +14 of May or the +13 of April, it is the highest since September 2008’s +16.


Photo: Gallup

The Job Creation Index has increased steadily if marginally in 2011. This continues a pattern that began after the Index matched its low point of -5 in April 2009, and is consistent with the improvement in the overall U.S. job situation over the past couple of years.

Hiring Increases Modestly in 2011

The Job Creation Index score of +15 in June is based on 33% of workers nationwide saying their employers are hiring and 18% saying their employers are letting workers go. Between 18% and 19% of workers have said their employers are reducing staff size throughout the first half of 2011. However, there has been a slight increase in the percentage saying their companies are hiring employees and expanding their workforces, from 29% in January to 33% in June.

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