Gallup Says Most Job Creation In January Took Place In South And East

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Gallup released a report on job creation in the month of January on Thursday, showing that most job creation in the U.S. was in the South and the East. However, the report also showed that perceptions of current job-market conditions nationwide worsened slightly.

Based on interviews with 17,145 U.S. workers in January, Gallup's Job Creation Index dipped to -1 in January after being at 0 or +2 in each of the prior four months. The negative reading for the index is in sharp contrast to the +26 it was at in January 2008.

Nationwide, Gallup said the percentage of companies hiring fell to 23% in January from 24% in December, while the percentage letting employees go remained at 24%.

When broken down by region, the East saw 25% of companies hiring compared to 22% letting employees go. In the South, 26% were hiring and 22% were letting go.

Both hiring and letting go came in at 22% for the Midwest. In the West, 20% were hiring compared to 29% letting go.

Despite the fact that 4% more companies were hiring than letting go in the South, that is still a much smaller number than the 29% more companies hiring than letting go in January 2008.

Similarly, the 3% advantage for hiring in the East is down sharply from the 25% advantage hiring enjoyed in January 2008.

The West was the only region where companies letting employees go actually outnumbered those hiring. The 9% advantage for letting go is very different from the 25% advantage hiring enjoyed in January 2008.

Gallup released a report on job creation in the month of January on Thursday, showing that most job creation in the U.S. was in the South and the East. However, the report also showed that perceptions of current job-market conditions nationwide worsened slightly. Based on interviews with 17,145 U.S. workers in January, Gallup's Job Creation Index dipped to -1 in January after being at 0 or +2 in each of the prior four months. (Market News Provided by RTTNews)