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Gallup’s U.S. Job Creation Index* remained steady at +28 in August which tied the six-year high reached in July. This is up from +22 of August 2013. Gallup notes that the index has been fairly flat since May, when it reached +27, after trending up during the first few months of this year.
Gallup notes that this is only the second month since 2008 – with the first being last month – that slightly more workers reported that their employer is taking on new staff rather than maintaining the status quo.
While unchanging job creation is good news in the sense that the recent gains are holding, Gallup observes that a lack of continued improvement could be a sign of persistent weakness in the economy. Gallup notes that this is particularly true for the private sector where job creation has been fairly flat over the past two years, even though jobs in the government sector have been rising.
*Gallup’s Job Creation Index is a measure of net hiring in the U.S. as reported by a nationally representative sample of full- and part-time. To read the full Job Creation Index report visit Gallup.