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Mark Vitner, an economist at the Wachovia Corporation, said he thought the improvement in consumer confidence largely reflected improving employment conditions.
Most important is the €6bn (£5bn) for improving employment for young people in the most depressed areas of the EU.
If investment is at least maintained, total spending in terms of constant dollars will increase, thus improving employment.
Obama focused on the improving employment picture during a speech Friday at the Consumer Financial Protection Bureau.
Toronto is second in the report, thanks to a number of city-led programmes aimed at improving employment opportunities, with Hong Kong third.
But more long-term development is needed to stop young men joining groups like Boko Haram in the first place, including improving employment chances.
Access to Work, a scheme that provides funding to support disabled people in the workplace, is also improving employment outcomes and quality of life for thousands.
Yet the ONS's figures have been called into question in recent months because they are at odds with more upbeat industry surveys and improving employment figures.
The mandatory work scheme has been criticised for forcing people into dead-end jobs with little chance of improving employment chances.
In a sign of an improving employment market, the jobs-to-applicant ratio was 1.08 in December, meaning 108 jobs were available per 100 applicants.
The improving employment numbers, he said, were the result of people dropping out of the work force and not a true sign of job growth.
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