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Wednesday, October 21, 2009

Gallup - DOW Up, Spending Up, Jobs Up

According to Gallup there is an improvement in the job market, but relative to even last year, its pretty bleak out there.

Gallup: Gallup Economic Weekly: Spending, Jobs Climb With Dow
Job Creation improved once more last week, as Gallup's Job Creation Index increased to +4 -- a new 2009 high. The slightly better job conditions were the result of a decline in the percentage of workers saying their companies are letting people go, from 24% to 22% -- about where layoffs were a month ago (23%) but somewhat worse than a year ago (18%).

3 comments:

Glynn Kalara said...

This is a joke right?

Jim Sande said...

The unfortunate thing is, the job market is looking better because less companies are laying off people. Really. From a data point of view, that's positive. Numbers are always misleading.

Glynn Kalara said...

This is like finding a sunken ship and the coast guard says it's sunk in shallow water even though no survivors were found. Better yet it's like the old joke about the man who goes to the Dr. and the Dr. says do u want the bad news or the good news first? The man says give me the bad news first. The Dr. says u have AIDS. Ok, says the man whats the good news then? The Dr. says you also have Alzheimers.