Survey shows greater confidence in economy in January

By WEEK Producer

Survey shows greater confidence in economy in January

January 30, 2013 Updated Jan 30, 2013 at 2:37 PM CDT

WASHINGTON, D.C. -- Worker confidence in the economy was up in January, according to survey results from Rasmussen.

Based on responses of nearly 9,500 working Americans, the Rasmussen Employment Index was up six points from the beginning of 2012, now standing at 87.1. That figure is 10 points higher from January 2011.

According to Rasmussen, a decrease in the REI usually suggests the upcoming government reports on job creation will be weaker than the prior month's report.

The survey results say that 23 percent of workers report their firms are hiring, which is up one point from December.

Twenty percent report their employer is laying people off, showing no change from last month.

This is the second straight month that reported hirings have outnumbered reported layoffs after five months in which the opposite was true.

Prior to July of last year, there had been eight straight months with more hiring than layoffs.

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