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- More Workers Believe More Jobs are Available
- Over Half of Workers Do Not Plan to Look for a New Job in the Next 12 Months
- More Workers Believe the Economy is Growing Stronger
More U.S. workers believed in a strengthening economy and job market in June, despite declining confidence in their ability to find a new job themselves, according to a recent survey of 3,136 working adults. The Spherion(R) Employee Confidence Index, a monthly gauge of overall worker confidence, increased 1.2 points to 58.7 in June, its highest number since February. The survey, conducted by Harris Interactive(R) on behalf of Spherion Corporation (NYSE:SFN) , also shows that over three-fourths (77%) of workers remain confident that they will not lose their jobs in the next year.
According to the Index, the percentage of workers who believe there are more jobs available increased four percentage points to 27 percent. Despite this rise, the percentage of workers lacking the confidence in their ability to find a new job increased by two percentage points, to 14 percent.
"Recent economic reports about the manufacturing sector and inflation suggest that the U.S. economy is in good shape and workers are certainly feeling this in their pocketbooks, as both incomes and personal spending have recently risen," said Roy Krause, president and chief executive officer of Spherion. "In addition to all of this, the job market is still quite healthy as employers add to their payrolls on a consistent basis. Even though total job growth has slowed in comparison to 2006, it's much more difficult to find skilled workers this year. Market dynamics are forcing companies to be more creative and the most emergent employers are offering additional recruiting and retention incentives to remain competitive."
Results from the June Spherion Employment Report:
Employee Confidence Index: Worker Confidence Highest Since February: The Employee Confidence Index increased 1.2 points to 58.7 in June, reaching its highest point since February 2007. The Index, which measures workers' confidence in their personal employment situation and optimism in the macroeconomic environment, reveals that more workers were confident about the economy and job market.

  -- Macroeconomic Confidence Index Increases: The Macroeconomic Confidence
     Index rose 2.8 points point to 43 in June, as more workers reported
     optimism in job availability and the strength of the economy. The Index
     level is 2.7 points higher than a year ago.

  Specific findings from the Macroeconomic Confidence Index include:

      -- 21 percent of U.S. adult workers believe the economy is getting
         stronger, compared to 19 percentage points in the previous month.
      -- 27 percent of U.S. adult workers believe that more jobs are
         available, up four percentage points from May.

  -- Personal Confidence Index Dips Slightly: The Personal Confidence Index
     decreased 0.6 points to 74.3 in June, as the percentage of workers not
     confident in their ability to find a new job increased.

  Specific findings from the Personal Confidence Index include:

      -- 14 percent of U.S. adult workers are not confident in their own
         ability to find a new job, compared to 12 percent in May.
      -- 65 percent of U.S. adult workers feel confident in the future of
         their current employer, showing no change from May.

  Job Security Index: Worker Confidence in Their Job Security Remains Strong
  -- 77 percent of U.S. workers believe that it is unlikely that they will
     lose their jobs in the next twelve months. The Job Security Index is
     one percentage point lower than the level recorded in May and a year
     ago.

Job Transition Index: Over Half of Workers Do Not Plan to Look for a New Job 
in the Next 12 Months

  -- Over half (55%) of workers are unlikely to look for a new job in the
     next 12 months; one-third (34%) of workers do plan to look. For the
     second consecutive month, the Job Transition Index remained at 34
     percent. The Index is two percentage points lower than the level in
     June 2006.

About the Spherion Employment Report
As part of the Spherion(R) Emerging Workforce(R) Series of employment surveys, the monthly Spherion Employment Report provides a snapshot of the latest workforce trends across the country and is issued in conjunction with state and national labor market releases.
The June 2007 Spherion Employment Report is based on data from the Harris Interactive QuickQuery(SM) online omnibus conducted monthly by Harris Interactive(R) on behalf of Spherion Corporation. A U.S. sample of 3,136 employed adults, aged 18 years and older, was interviewed in a series of two polls conducted between June 4-6 and June 11-13, 2007 (May 2007 n= 3,422).
Spherion Corporation (NYSE:SFN) is a leading recruiting and staffing company that provides integrated solutions to meet the evolving needs of companies and job candidates.
Web site: http://www.spherion.com/

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