A recent Gallup survey shows Gallup’s Job Creation Index Sees Its Best Week Since Sept. 2008

Gallup’s Job Creation Index reached +14 during the week ending March 20 — its highest weekly level since the week ending Sept. 28, 2008. Thirty-two percent of employees nationwide say their companies are hiring and 18% say their companies are letting workers go. This is a slight improvement over the prior week, when 31% of companies were hiring and 18% letting go, and a similar reading for the month of February.

Pessimism About Finding a Quality Job Is Lowest Since October 2008

Thinking about the job situation today, would you say that now is a good time or a bad time to find a quality job?

While 83% of Americans in a separate question think March 2011 is a “bad time” to find a quality job, this is the lowest percentage since October 2008. Still, for more than two years, at least 8 in 10 Americans have been pessimistic about the job market.

Americans’ perceptions of the market for quality jobs have shown similar improvement in recent months. Nevertheless, more than 8 out of 10 Americans believe quality jobs remain hard to find.

Regardless, to the degree that the jobs situation is improving, it continues to be insufficient to significantly lower overall underemployment and unemployment.

Inquiring minds may also be interested in Gallup Poll Pegs Unemployment Rate at 10.2%, Underemployment at 19.9%, Same as Last Year

Mike “Mish” Shedlock
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