Gallup: Federal Employment Increased on Eve of Shutdown
For about five straight months, Gallup’s Job Creation Index has remained relatively flat, oscillating between readings of +21 and +22. From afar, it appears the United States labor market has entered the doldrums: After steadily inching up from 2009’s low of -19, perceived job creation has stabilized at a level below the typical readings recorded before the financial crisis began.
In January 2008, the first month the survey was conducted, the index peaked at +28 before starting its descent. As Gallup’s Frank Newport wrote of August’s reading, “Job creation appears to have stabilized over the last several months in a more improved situation than was evident in the aftermath of the financial crisis and recession of 2008 — although still not back to where it was prior to those economic events.”