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DALLAS, Texas, July 20, 2007 – The Texas Employee Confidence Index increased in June to 61.8, up four points from May, according to the latest Spherion® Employment Report. The monthly survey of Texas workers, conducted by Harris Interactive® on behalf of Spherion Corporation (NYSE:SFN), revealed that more workers are optimistic about the job market and more are confident in their ability to find a new job.
Results from the Texas Employment Report:
- Two-thirds (66%) of workers are confident in their ability to find a new job, up 10 percentage points from May.
- Thirty-one percent of workers believe that more jobs are available, an increase of seven percentage points from the previous month.
- Forty-one percent of workers report they are likely to look for a new job in the next 12 months, an increase of four percentage points from May.
“Employee confidence increased significantly in Texas. Across the state, we’re seeing evidence of a strengthening job market as a result of increased demand for workers in key industries, including a recent spike in the energy industry,” said Kim Lockhart, director of operations for Spherion in Texas. “While this is certainly good news for workers, the picture isn’t as bright for employers who are facing a tight market for skilled workers as unemployment rates hover near historic lows. And, some may see the fact that many Texas workers plan on changing jobs soon as a good sign, they need to consider how easy it will be to backfill their vacated positions. There is a bright spot, however. We’re continuing to see a trend of more candidates willing to explore career opportunities in fields other than where they are currently working as employers offer more incentives and cast a wider net.”
| June Employment Report Results | Texas Workers | U.S. Workers | |||||
| May | June | % Point Change | May | June | % Point Change | ||
| Economy | Getting Stronger | 27% | 27% | 0 | 19% | 21% | +2 |
| Staying Same | 43% | 40% | -3 | 37% | 39% | +2 | |
| Getting Weaker | 30% | 33% | +3 | 44% | 40% | -4 | |
| Job Availability | More Jobs | 24% | 31% | +7 | 23% | 27% | +4 |
| Same Amount | 38% | 38% | 0 | 39% | 37% | -2 | |
| Fewer Jobs | 38% | 30% | -8 | 38% | 36% | -2 | |
| Ability to Find New Job | Confident | 56% | 66% | +10 | 59% | 59% | 0 |
| Neutral | 30% | 23% | -7 | 29% | 27% | -2 | |
| Not Confident | 15% | 12% | -3 | 12% | 14% | +2 | |
| Future of Current Employer | Confident | 59% | 62% | +3 | 65% | 65% | 0 |
| Neutral | 25% | 20% | -5 | 24% | 22% | -2 | |
| Not Confident | 16% | 17% | +1 | 12% | 13% | +1 | |
| Likelihood to Lose Job | Likely | 14% | 16% | +2 | 11% | 11% | 0 |
| Neutral | 10% | 13% | +3 | 11% | 12% | +1 | |
| Not Likely | 76% | 71% | -5 | 78% | 77% | -1 | |
| Likelihood to Look for New Job | Likely | 37% | 41% | +4 | 34% | 34% | 0 |
| Neutral | 12% | 8% | -4 | 13% | 11% | -2 | |
| Not Likely | 51% | 51% | 0 | 53% | 55% | +2 | |
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.
Methodology
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.
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.
To become a member of the Harris Poll Online and be invited to participate in online surveys, register at www.harrispollonline.com.
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