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Monthly Job Creation Index, July 2017

Job Creation Index of the U.S. from July 2016 to July 2017

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Source

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Release date

July 2017

Region

United States

Survey time period

July 2016 to July 2017

Number of respondents

about 30,000 per month

Age group

18 years and older

Special properties

half full-time, half part-time employees

Method of interview

Telephone interview

Supplementary notes

Gallup's Job Creation Index is based on employed Americans' estimates of their companies' hiring and firing practices. Gallup asks its sample of employed Americans each day whether their companies are hiring new people and expanding the size of their workforces, not changing the size of their workforces, or letting people go and reducing the size of their workforces. The resulting index -- computed on a daily and a weekly basis by subtracting the percentage of employers letting people go from the percentage hiring -- is a real-time indicator of the nation's employment picture across all industry and business sectors. Gallup analysis indicates that the Job Creation Index is an excellent predictor of weekly jobless claims that the U.S. Labor Department reports each Thursday. The index may also pick up hiring trends days or weeks before they are manifested in the official unemployment rate or other lagging indicators. Finally, the index measures job creation (hiring) and job loss (letting go) on a continuous basis. This provides additional real-time insight not available from broadly aggregated indicators and unemployment data.

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