By the Editors October 28, 2012
Although job creation is widely regarded as a proxy for economic growth, not all jobs are created equal. Private employment is a stronger indicator of true economic health than government employment.
In 2004, 58% of American jobs were at private companies. By 2009, just after the financial crisis, the number had fallen to 52%, where it remained over the next two years.
Since then, private employment has surged, and the Obama administration has been slowly fazing out government jobs.
Gallup, which tracks the percentage of jobs at private companies, conducted its latest employment poll in early August and released its findings in October. Here are a few highlights:
• The percentage of American jobs at private companies rose in 2012 to 58% from 52% the year before. The percentages of jobs coming from the government and private self-employment each held steady at 17%.
• The percentage of Americans working between 35 and 59 hours a week ticked down slightly this year, while the percentage working more – and fewer – ticked up.
• Americans are staying with their employer longer today than they were a decade ago. In 2012, the average American had been at their job for 9.2 years, up from 7.4 years in 2002.
This entry was posted on Sunday, October 28th, 2012 at 2:26 am. It is filed under Tools & Resources and tagged with employment, Gallup, government, job creation, jobs, labor. You can follow any responses to this entry through the RSS 2.0 feed.
Comments are closed.