U.S. worker perceptions of hiring activity best since 2008
Forty-four percent of workers in May said their employer is hiring workers and expanding the size of its workforce, while 11% said their employer is letting workers go and cutting the number of jobs. The resulting +33 Job Creation Index score is the highest monthly average to date, by one point.
The Job Creation Index improved three points in May from April's +30. Gallup has observed at least a slight improvement in the index between April and May each year since 2013, and in most years since 2008.
These regular April-to-May increases suggest employers ramp up their hiring when the summer months approach. The April-to-May increase in 2015 boosted the index to its previous high of +32, a level it sustained through October.
From December 2008 through August 2009, during and immediately after the economic recession, more workers consistently reported a net loss of jobs where they worked rather than a net gain.
By October 2010, the hiring outlook had brightened and the index reached +10 for the first time since the recession. The index hit +20 in April 2012, and +30 in September 2014.
The latest Job Creation Index is based on interviews with 18,604 U.S. adults who are employed full or part time, conducted throughout the month of May.
In addition to the 44% of workers reporting a net hiring increase and the 11% reporting a net hiring decrease, 39% of workers say the size of their workforce is unchanged. ■