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CHICAGO, Ill., March 22, 2007 – The Illinois Employee Confidence Index remained virtually unchanged in February at 61.2 points, down slightly from 61.5 points from a month earlier, according to the latest Spherion® Employment Report. The monthly survey of Illinois workers, conducted by Harris Interactive® on behalf of Spherion Corporation (NYSE:SFN), shows that more workers are confident in the future of their current employers, but more workers are also feeling that the economy is getting weaker.
Results from the
"Despite the small decline in overall confidence, the numbers from the February Report show that workers are very confident in their own job prospects and a large majority of them feel their jobs are secure,” explained Michael Ruter, managing director of Spherion Professional Services in Chicago. “And, given what we’re currently seeing in the market, they have little to be concerned about. Jobs are being created at a steady pace; we’re not seeing widespread layoffs and believe that these trends will remain consistent for the foreseeable future.”
Illinois Workers
U.S. Workers
Jan
Feb
% Point Change
Jan
Feb
% Point Change
Economy
Getting Stronger
29%
26%
-3
24%
24%
0
Staying Same
41%
39%
-2
42%
42%
0
Getting Weaker
29%
35%
+6
34%
34%
0
Job Availability
More Jobs
30%
24%
-6
28%
28%
0
Same Amount
33%
39%
+6
37%
37%
0
Fewer Jobs
37%
37%
0
35%
35%
0
Ability to Find New Job
Confident
61%
60%
-1
60%
60%
0
Neutral
27%
28%
+1
27%
27%
0
Not Confident
12%
12%
0
13%
13%
0
Future of Current Employer
Confident
63%
72%
+9
66%
65%
-1
Neutral
24%
17%
-7
22%
22%
0
Not Confident
13%
11%
-2
12%
13%
+1
Likelihood to Lose Job
Likely
17%
11%
-6
11%
10%
-1
Neutral
12%
06%
-6
10%
10%
0
Not Likely
71%
82%
+11
79%
80%
+1
Likelihood to Look for New Job
Likely
36%
32%
-4
35%
36%
+1
Neutral
8%
13%
+5
12%
10%
-2
Not Likely
56%
56%
0
54%
54%
0
About the Spherion Employment Report
As part of the Spherion® Emerging Workforce® 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. Three key indices are measured: the Spherion Job Security Index, which captures how likely respondents think it is that they will lose their job or that their job will be eliminated in the next 12 months; the Spherion Job Transition Index, which captures how likely respondents are to look for a new job in the next 12 months; and the Employee Confidence Index, which measures employees’ overall confidence in the economy, the future of their employer, the availability of jobs, and their ability to find other employment. The Employee Confidence Index is based on these four components, with a ‘score’ calculated for each by taking the difference of the percentage of positive responses and the percentage of negative responses. These four scores are then averaged to indicate an overall level of employee confidence scaled from 0 (no confidence) to 100 (complete confidence). A reading above 50 indicates a positive confidence level.
About Spherion
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. As an industry pioneer for 60 years, Spherion® has screened and placed millions of individuals in temporary, temp-to-hire and full-time jobs. Positions range from administrative and light industrial to a host of professions that include accounting/finance, information technology, engineering, manufacturing, legal, human resources and sales/marketing.
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