Job creation in the United States has hit a six-year high according to a new survey out Wednesday.
The Gallup job creation survey asks workers if they've witnessed more hiring or firing at their workplaces to create an index score that rises and falls with the eyewitness accounts of the nation's workforce. In May, the workers reported a happy scene: 40% saw hiring, dwarfing the 13% who saw firing. That brought the index to 27, its highest level in six years.
The encouraging news was reinforced by another measure of job growth. TrimTabs Investment Research said the U.S. economy added 229,000 jobs in May, following solid gains in March and April. “Employment growth has exceeded 200,000 jobs for three consecutive months for the first time since the spring of 2011," said David Santschi, Chief Executive Officer of TrimTabs Investment Research.