Best February for job creation since recession, Gallup poll implies - New York News

Best February for job creation since recession, Gallup poll implies

Updated:

By: Michael De Groote, Deseret News

Job creation is on the upswing, according to a new poll released Wednesday by Gallup. The Gallup U.S. Job Creation Index edged up in February to +21 compared to January 2014 and December 2013 when it was at +19. The February index is above the +20 average for last year. It is also the best February for job creation since the recession began around 2008.

Guerilla Stock Trading explained the numbers: "The Job Creation Index is a measure of net hiring in the U.S. February's 21 score means that approximately 36 percent of Americans say their employer is hiring, while 15 percent say their employer is letting workers go. The other 43 percent of workers report no change in hiring by their employer."

Ruth Mantell at MarketWatch, on the other hand, looked at employment stats released Wednesday by Automatic Data Processing Inc.: "Private-sector employers added 139,000 jobs last month, up from a revised 127,000 in January, but down from 205,000 in February 2013, according to ADP."

Gallup's analysis found that private sector employees were doing better than government employees in job creation. "Private-sector workers continue to report a better hiring situation than government workers, but the index for both sectors improved last month," Gallup says. "The recently passed federal budget rolls back some previous cuts, which may have contributed to the rise in federal workers who report the government is hiring. Still, the Job Creation Index for federal workers remains negative and is below the index for state and local employees and for non-government workers."

EMAIL: mdegroote@deseretnews.com

Twitter: @degroote

Facebook: facebook.com/madegroote


Original Post

Copyright 2013 Deseret Digital Media, Inc.

  • Local NewsLocal NewsMore>>

  • Owner says Showboat will definitely close Sunday

    Owner says Showboat will definitely close Sunday

    Its owner says Atlantic City's Showboat Casino Hotel will definitely shut down on Sunday.  A spokeswoman for Caesars Entertainment tells The Associated Press that despite expressions of interest from potential purchasers, the casino will be closed at 4 p.m. Sunday. Showboat is one of three Atlantic City casinos closing in the next few weeks.
    Its owner says Atlantic City's Showboat Casino Hotel will definitely shut down on Sunday.  A spokeswoman for Caesars Entertainment tells The Associated Press that despite expressions of interest from potential purchasers, the casino will be closed at 4 p.m. Sunday. Showboat is one of three Atlantic City casinos closing in the next few weeks.
  • Digital currency ATM in Greenwich Village

    Digital currency ATM in Greenwich Village

    Wednesday, August 27 2014 10:35 AM EDT2014-08-27 14:35:08 GMT
    The first ATM for BitCoin users in New York City is up and running in a store in Greenwich Village. The controversial, virtual currency is exchanged using a 'wallet' app on mobile devices. The ATM accepts cash but only returns virtual currency to the app. At the ATM in Flat 128, a store that sells UK-designed items, the fee for store owner Liz Dubois is less than that for a credit card transaction.
    The first ATM for BitCoin users in New York City is up and running in a store in Greenwich Village. The controversial, virtual currency is exchanged using a 'wallet' app on mobile devices. The ATM accepts cash but only returns virtual currency to the app. At the ATM in Flat 128, a store that sells UK-designed items, the fee for store owner Liz Dubois is less than that for a credit card transaction.
  • Cristobal to churn surf along Jersey shore

    Cristobal to churn surf along Jersey shore

    Wednesday, August 27 2014 9:14 AM EDT2014-08-27 13:14:52 GMT
    Swimmers and lifeguards are facing a high risk for rip currents along New Jersey beaches. The National Weather Service says Hurricane Cristobal is predicted to pass well to the southeast of the New Jersey coast on Wednesday night. Long period swells will spread out from the storm, churning up the surf along Jersey shore beaches.
    Swimmers and lifeguards are facing a high risk for rip currents along New Jersey beaches. The National Weather Service says Hurricane Cristobal is predicted to pass well to the southeast of the New Jersey coast on Wednesday night. Long period swells will spread out from the storm, churning up the surf along Jersey shore beaches.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices