Courtesy of Mish.
Gallup reports U.S. Job Creation Steady in December, but hiring in the nongovernment job sector stalls.
The following charts (trendlines added by me) reflect answers to Gallup’s question: Based on what you know or have seen, would you say that, in general, your company or employer is 1) hiring new people and expanding the size of its workforce, 2) not changing the size of its workforce, 3) letting people go and reducing the size of its workforce.
Percentage of Employers Hiring Minus Those Letting Go
click on any chart for sharper image
The hiring momentum that began in early 2009 slowed in mid-2011. Momentum vanished (at best) in March or April of 2012.
Slowdown in Hiring Since Mid-2011
There appears to be even less momentum from this perspective. However, the first chart is simply a subtraction of the numbers in the second chart.
Factor in Government Employment and Things Look Worse
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