The Gallop Job Creation Index averaged around +19 in October. The Job Creation Index is obtained from surveying employees’
perceptions of workplace hiring and firing. The percentage of employers who are firing is
subtracted from the percentage of employers who are hiring. For the
month of October, 35% of respondents said that their employers were expanding
their workforce and 16% of respondents indicated that their employers were
reducing their workforce. These estimates
of hiring and firing nationwide have remained steady in recent months, as the
Job Creation Index has stayed in between +16 and +20 for the majority of 2012.
Regionally, employers in the Midwest (+23) and the South
(+19) are consistently hiring and expanding more than employers in the East
(+16) and West (+16). In addition,
nongovernment employers continue to score higher on the Job Creation Index
(+22) than public-sector employers (+4).
However, in October, federal government employers (+8 percentage change)
and state government employers (+5 percentage change) showed a significantly greater
increase in Job Creation Index scores than private sector employers (+1 percentage
change).
Ultimately, nationally,
the Gallop Job Creation Index remains steady and positive. However, the
nation’s net-hiring score has not yet been restored to its pre-Recession
2008 peak (+26). It is predicted that in response to the 2012 election, hiring and firing
averages will fluctuate. If government leaders are able to effectively respond
to economic challenges and implement national policies that boost employers’
confidence in the economy, it can be expected that the nation’s net-hiring
score will improve.
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