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Job Market Best in Year and a Half, Gallup Says
A Gallup poll shows the job market is getting better in most of the U.S.
We’ll see what sort of effect the Dow bustage has on this bit of positive news, but according to polling company Gallup, the job market is back to where is was at the end of 2008.
Wait, 2008? Wasn’t that a few months after Lehman went bankrupt, Fannie Mae had to get rescued and Congress approved the $700 billion bailout? Well, yes. And Gallup’s Job Creation Index, which was at 26 at the beginning of 2008, is now at a piddly 5.
So why is this good news? The index was at -5 last year, and now it’s up to 5. Translation: employees say companies are hiring more and firing less. But we still have a long way to go to get back to pre-recession days.
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