June's job creation index was plus 36, just shy of the record-high plus 37 recorded in May. Regionally, the South led in job creation, while the East continued to be last. The index has been at or over plus 30 for 16 straight months signifying a greatly improved and steady job market compared with the years during and immediately after the Great Recession.
Various indicators suggest the U.S. economy is generating new jobs at a steady pace, although only 138,000 jobs were created in May according to the BLS. This report fell short of expectations and was a drop from more robust government numbers in April. Gallup's job creation index, by contrast, showed no significant drop in May and has again shown no significant change for June.
In June, 45 percent of employees said their company was hiring, about matching the 46 percent in May. The percentage who said their company was letting workers go held steady at 9 percent. Forty-one percent of workers said their employer was not changing the size of its workforce.
As has been the case since late 2016, the South (plus 40) and Midwest (plus 38) fared best in job creation followed by the West (plus 34). The East continued to trail behind at plus 29. The East, Midwest and West have all recovered from the negative index numbers recorded during the Great Recession in 2009, when more workers reported their job was letting people go than hiring. The South is the only region that never dipped into negative territory.