Gallup’s monthly economic survey breaks down the employment situation by region in the U.S.. No region is doing great, but the West is doing the worst and the situation is getting worse. Here is what they say:
During a week of intense government focus on jobs, punctuated by the president’s jobs summit, the Gallup Job Creation Index — based on U.S. employees’ self-reports of hiring and firing activity at their workplaces — shows that November job-market conditions nationwide failed to match even the modest job-market improvements of recent months. As a result, they remain about where they were in October. The South continues to be the strongest region while the West remains the weakest and is worsening. Job conditions also deteriorated in the East during November and were unchanged in the Midwest.
Nationwide, job-market conditions are much better than they were earlier this year. However, Gallup’s Job Creation Index also shows that the job situation remains much worse than it was just after the recession began, in January 2008. The lack of improvement in jobs during November tends to emphasize the dire situation facing policymakers as they contemplate job creation in 2010.
The article shows a lot other charts which I found useful in getting a more granular view. The sentence I fond most telling was this:
While Wall Street has surged 60% since its March low, Gallup’s Job Creation Index shows hiring has increased two points, from 23% to 25%, during that time.
Read the full details at the story below.