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NEW YORK, N.Y., April 19, 2007 – The New York Employee Confidence Index gained 1.2 points in March, increasing to 55.6 according to the latest Spherion® Employment Report. The monthly survey of New York workers, conducted by Harris Interactive® on behalf of Spherion Corporation (NYSE:SFN), shows that as more workers report confidence in their ability to find a new job, fewer are optimistic about the strength of the economy and in the future of their employers.
Results from the New York Employment Report:
- Fifty-nine percent of workers are confident in their ability to find a new job, a 13-percentage-point increase from February.
- Fewer workers are confident in the future of their employer. Forty-seven percent of workers are confident in the future of their employer, a seven-percentage-point drop from the previous month.
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Nearly half (47%) of the workers surveyed believe that the state’s job market is stabilized. Forty-seven percent of workers believe that there were the same amount of jobs available in March as in February, a 12-percentage-point increase.
“Our Report shows us that more workers are confident in their ability to find a new job, which helped the Confidence Index tick back up in March,” said Rich Mazelsky, regional vice president of Spherion Staffing Services. “We are still seeing job growth in a variety of key industries across the state, and workers who need or choose to find new jobs are feeling confident about their prospects. However, a high number of those who are already employed look to stay put for the time being, as more workers are not as confident in the strength of the economy.”
| March Employment Report Results | |||||||
| New York Workers | U.S. Workers | ||||||
| Feb | Mar | % Point Change | Feb | Mar | % Point Change | ||
| Economy | Getting Stronger | 20% | 15% | -5 | 24% | 17% | -7 |
| Staying Same | 43% |
42% |
-1 | 42% | 42% | 0 | |
| Getting Weaker | 37% | 43% | +6 | 34% | 41% | +7 | |
| Job Availability | More Jobs | 26% | 24% | -2 | 28% | 24% | -4 |
| Same Amount | 35% | 47% | +12 | 37% | 40% | +3 | |
| Fewer Jobs | 39% | 29% | -10 | 35% | 36% | +1 | |
| Ability to Find New Job | Confident | 46% | 59% | +13 | 60% | 58% | -2 |
| Neutral | 35% | 28% | -7 | 27% | 28% | +1 | |
| Not Confident | 19% | 13% | -6 | 13% | 15% | +2 | |
| Future of Current Employer | Confident | 54% | 47% | -7 | 65% | 63% | -2 |
| Neutral | 32% | 39% | +7 | 22% | 25% | +3 | |
| Not Confident | 14% | 14% | 0 | 13% | 13% | 0 | |
| Likelihood to Lose Job | Likely | 13% | 8% | -5 | 10% | 10% | 0 |
| Neutral | 7% | 12% | +5 | 10% | 9% | -1 | |
| Not Likely | 80% | 80% | 0 | 80% | 80% | 0 | |
| Likelihood to Look for New Job | Likely | 39% | 27% | -12 | 36% | 33% | -3 |
| Neutral | 17% | 16% | -1 | 10% | 13% | +3 | |
| Not Likely | 44% | 56% | +12 | 54% | 54% | 0 | |
About the Spherion Employment Report
Methodology
The March 2007 Spherion® Employment Report is based on data from a Harris Interactive® QuickQuerySM online omnibusconducted on behalf of Spherion Corporation. A U.S. sample of 3,044 employed adults, aged 18 years and older, of whom 246 are employed in New York (for Feb 2007 n=260), was interviewed in a series of two polls conducted between March 5-7 and March 12-14, 2007. Figures for age, sex, race/ethnicity, income, education and region were weighted where it is necessary to bring them in line with their actual proportions in the population. Propensity score weighting adjusted for respondents’ propensity to be online. With pure probability samples, with 100 percent response rates, it is possible to calculate the probability that the sampling error (but not other sources of error) is not greater than some number. With a pure probability sample of 3,044 U.S. employed adults one could say with a 95 percent probability that the overall results would have a sampling error of +/- two percentage points, and the sampling error for the New York state sample results would be +/- six percentage points. However, that does not take other sources of error into account. This online survey is not based on a probability sample and therefore no theoretical sampling error can be calculated.
About Harris Interactive Harris Interactive is the 12th largest and fastest-growing market research firm in the world. The company provides innovative research, insights and strategic advice to help its clients make more confident decisions which lead to measurable and enduring improvements in performance. Harris Interactive is widely known for The Harris Poll, one of the longest running, independent opinion polls and for pioneering online market research methods. The company has built what it believes to be the world’s largest panel of survey respondents, the Harris Poll Online. Harris Interactive serves clients worldwide through its United States, Europe and Asia offices, its wholly-owned subsidiaries Novatris in France and MediaTransfer AG in Germany, and through a global network of independent market research firms. More information about Harris Interactive may be obtained at www.harrisinteractive.com.
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 more than 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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