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Job Creation Index Approaching Four-Year High

Gallup’s Job Creation Index rose another two points in April, increasing to 20 from 18 in March. The index, which began tracking job growth in January 2008, is at its highest level since July of that year and is approaching the highest score ever recorded by the index. Regionally, the Midwest and South led in job creation, with the West and East close behind. The West led all regions in year-over-year improvement, rising nine points from a year ago. Gallup’s survey also found that private-sector job growth continues to perform better than government employment. The Job Creation Index for the private sector was at 25 in April, while government job growth has been in negative territory since late last year. More here.

Category: Housing Market

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