Rasmussen Employment Index Reaches Highest Level Since 2007
The Rasmussen Employment Index, which measures worker confidence, rose almost four points in May to the highest level measured since October 2007.
At 94.4, worker confidence is up seven points from January and is up six points from a year ago. These results mark just the third time the Employment Index topped 90-point level since January 2008.
Generally speaking, an increase in the Rasmussen Employment Index suggests the upcoming government report on job creation will be stronger than the prior month’s report. While the improvement is encouraging, there’s still a long way to go. The Employment Index is still down 12 points from May 2007.