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Jobs

Yet Another Sign Of Jobs Improvement

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By Douglas A. McIntyre Published
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ADP says private firms added 209,000 workers last month. The market was disappointed that the number was not better, but at least job growth is a regular part of the economy now. It tends to be an anchor against the drag housing continues to be.

Unemployment numbers will be out at the end of the week. They are not expected to be spectacular, but again should indicate that the economy as a whole will create well in excess of a million jobs. This should bring the unemployment rate below 8% by the start of 2013.

Another measure of jobs activity is done by Gallup, and the new figures are very strong.

According to the research group:

U.S. job market conditions in March reached their best level since August 2008, with Gallup’s Job Creation Index now at +18, up from +14 in February. This is the largest one-month jump in the index since the start of 2008.

Since the recession began in December 2007, most Americans were unaware of how sharp the downturn would be until the end of 2008.

Methodology: For Gallup Daily tracking, Gallup interviews approximately 1,000 national adults, aged 18 and older, each day. The Gallup Job Creation Index results are based on a random sample of approximately 500 current full- and part-time employees each day.

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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