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The Job Creation Index is a measure created by Gallup, a global research-based consultancy. It is calculated using two measures based on results gathered from telephone interviews with more than 3000 workers. The first measure is the percentage of workers who claim that their employer is reducing the size of its workforce by letting people leave and the second measure is the percentage of those who say that their employer is expanding the size of its workforce by creating new jobs and hiring new workers.
The Job Creation Index is the result of the subtraction of the first measure (Less jobs) from the second one (More jobs). A value of zero indicates that percentage of people saying that their employer is reducing its workforce size is the same than the percentage of people saying that their employer is increasing its workforce size and therefore a positive value is a good sign for the economy while a negative value is usually considered bad.
This economic indicator is downloaded by this item and it is associated with "^JOB_INDEX" ticker symbol. Historical data spans from January 2008 to present and it is updated every week.
