November's job creation index reading was plus 31 -- similar to the record high of plus 32 recorded in each of the previous six months. These readings since April represent the highest the index has been since Gallup began measuring employees' perceptions of job creation at their workplaces in 2008.
Net hiring in the private sector, which employs the large majority of U.S. workers, was plus 32 for November, just under the seven-year high of plus 34 recorded in October. The government hiring reading was plus 25, down from plus 27 in October. Government hiring is generally lower than the private sector.
Net hiring was similar across regions, with the index registering plus 30 in the East and the South, plus 31 in the Midwest and plus 32 in the West. Regional Job Creation Index scores were more tightly clustered in November than in previous months this year. Midwestern workers generally have been most positive about job creation in their workplaces, while Easterners have been the least positive.
Gallup's Job Creation Index is based on a question that Gallup tracks daily, asking a nationally representative sample of 500 to 600 working adults, aged 18 and older, and reports monthly based on approximately 14,000 interviews. Gallup asks its sample of employed Americans each day whether their companies are hiring new people and expanding the size of their workforces, not changing the size of their workforces, or letting people go and reducing the size of their workforces. The resulting index -- computed on a daily and a weekly basis by subtracting the percentage of employers letting people go from the percentage hiring -- is a real-time indicator of the nation's employment picture across all industry and business sectors. The survey is conducted with respondents contacted on landlines and cellphones.
The hiring and firing trends that are the basis for Gallup's Job Creation Index provide key new insights into the potential future direction of job market conditions. Gallup's Job Creation Index provides information not available in some government indicators. For example, the government's weekly new jobless claims measure only reflects workers filing for benefits, yet not everyone who is laid off files for unemployment. The index may also detect hiring trends days or weeks before they are manifested in the official unemployment rate or other lagging indicators. Gallup has tracked its Job Creation Index daily since January 2008.
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