Gallup's Job Creation Index Sees Its Best Week Since Sept. 2008

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With all the Obama bashing happening on the teevee, the good news is a godsend.

PRINCETON, NJ -- Gallup's Job Creation Index reached +14 during the week ending March 20 -- its highest weekly level since the week ending Sept. 28, 2008. Thirty-two percent of employees nationwide say their companies are hiring and 18% say their companies are letting workers go. This is a slight improvement over the prior week, when 31% of companies were hiring and 18% letting go, and a similar reading for the month of February.

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While 83% of Americans in a separate question think March 2011 is a "bad time" to find a quality job, this is the lowest percentage since October 2008. Still, for more than two years, at least 8 in 10 Americans have been pessimistic about the job market.

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