Employees nationwide report hiring and firing activity at their places of work that is the best it has been since September 2008. This stands in sharp contrast to the impression the government's unemployment report gave on Friday -- but is consistent with Gallup's unemployment and underemployment measures. While much of today's job creation may be seasonal, involving the holidays, and therefore may not be reflected in the government's unemployment report, any improvement in job market conditions benefits those needing work and today's fledgling economic recovery.
Still, the U.S. job situation remains far worse than it was in January 2008, as the recession was getting underway. It appears as though the Congress will act to extend the Bush tax cuts and continue the extended unemployment benefits, and this could help improve things further.
While jobs need to remain the primary policy focus during the months ahead, Gallup's unemployment and job creation data suggest new jobs are being created at the best rate in more than two years -- an encouraging finding for everyone looking for a job in today's tough job market. http://bit.ly/eEOp9C