Press Release Archive
NEW YORK, N.Y., July 19, 2007 – The New York Employee Confidence Index decreased 2.2 points to 56.7 in June, fueled by an increasing number of workers that believe the job market is weakening. 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), the report shows that despite this decline, the Index level is 8.1 points higher than in June 2006, representing a significant increase in confidence from a year ago.
Results from the New York Employment Report:
- Seventeen percent of workers believe that the economy is getting stronger, a four-percentage-point decrease from May.
- Fewer workers are optimistic in the availability of jobs, with 41 percent saying that fewer jobs are available, a six-percentage-point increase from May.
- Despite the drop in macroeconomic confidence, workers are still optimistic about their prospects in the job market. Sixty-eight percent of workers are confident in the future of their current employer, an increase of three percentage points from the previous month.
|June Employment Report Results||New York Workers||U.S. Workers|
|May||June||% Point Change||May||June||% Point Change|
|Job Availability||More Jobs||26%||21%||-5||23%||27%||+4|
|Ability to Find New Job||Confident||61%||58%||-3||59%||59%||0|
|Future of Current Employer||Confident||65%||68%||+3||65%||65%||0|
|Likelihood to Lose Job||Likely||12%||10%||-2||11%||11%||0|
|Likelihood to Look for New Job||Likely||33%||30%||-3||34%||34%||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.
The June 2007 Spherion® Employment Report is based on data from a Harris Interactive® QuickQuerySM online omnibus conducted on behalf of Spherion Corporation. A U.S. sample of 3,136 employed adults, aged 18 years and older, of whom 285 are employed in California (for May 2007 n=325), was interviewed in a series of two polls conducted between June 4 and 6 and June 11 and 13, 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 3,136
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.
With approximately 650 locations in the
About Harris Interactive
Harris Interactive is the 12th largest and fastest-growing market research firm in the world. The company provides research-driven 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 could conceivably be the world’s largest panel of survey respondents, the Harris Poll Online. Harris Interactive serves clients worldwide through its
To become a member of the Harris Poll Online, visit http://go.hpolsurveys.com/PR.