Employment Net Rising Index
With all the major employment releases coming this week, theGraph of the Week shows the Employment Net Rising Index, from the July 2010 NABE Industry Survey. From the survey
Job creation trends continued to improve, with a second quarter of net positive payroll gains. The percentage of firms increasing payrolls increased to 31%—a dramatic increase versus a year ago when only 6% were seeing hiring gains. The percentage of firms cutting jobs continued to move lower—from 36% a year ago to 14% this July. The share of respondents expecting their firms to add employees over the coming six months rose to 39%, the highest level of hiring intentions since January 2008.
NABE members can read the full survey online. There is a summary available for the public.
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