March job creation index rose to plus 37 in March plus 35 in February. This is the third month in a row the index has hit a new record high after remaining relatively flat for much of 2016. Since the start of the year, the index has already increased by four points -- the same increase seen throughout all of 2016. However, the index typically rises during the first quarter of the year.
In March, 46 percent of employees said their company was hiring, up from 44 percent in February. Meanwhile, the percentage who said their company was letting workers go held steady at 9 percent. In the Midwest, the job creation index was plus 39, in the South it was plus 38, in the West it was plus 36. Job creation was weakest in the East with the region scoring plus 29. While the country as a whole has experienced record-high job creation, it has not occurred evenly across the country. The East has lagged behind other regions for at least seven months, with employers there reportedly hiring fewer new employees than in other areas.