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FORT LAUDERDALE, Fla., July 20, 2007 – The Florida Employee Confidence Index declined for the second consecutive month, decreasing 4.4 points to 53.4 in June, according to the latest Spherion® Employment Report. The monthly survey of Florida workers, conducted by Harris Interactive® on behalf of Spherion Corporation (NYSE:SFN), shows that a higher number of workers have concerns about their personal employment situation and the number of jobs available.
- Forty-five percent of workers are confident in their ability to find a new job, compared to 55 percent in May.
- The percentage of workers reporting confidence in the future of their employer decreased from 66 percent in May to 61 percent in June.
- More workers believe fewer jobs are available. Specifically, 43 percent of workers believe that job availability has decreased versus 34 percent in the previous month.
“This month’s report is somewhat surprising, considering that the job picture looks very good across the state,” said Paula Franco, branch manager of Florida for Spherion Staffing Services. “The unemployment rate remains significantly lower than the nation and it is clearly still a candidate’s job market. Our clients are continuing to add to their payrolls, although hiring managers are still finding difficult to find “A” players. We are specifically noticing a shortage for accounts with 2-5 years experience, as well as fresh graduates with finance and technology degrees. We’ve also seen a recent increase in requests for workers with help desk experience.”
| June Employment Report Results | |||||||
| Florida Workers | U.S. Workers | ||||||
| May | June | % Point Change | May | June | % Point Change | ||
| Economy | Getting Stronger | 24% | 22% | -2 | 19% | 21% | +2 |
| Staying Same | 32% | 40% | +8 | 37% | 39% | +2 | |
| Getting Weaker | 44% | 38% | -6 | 44% | 40% | -4 | |
| Job Availability | More Jobs | 23% | 17% | -6 | 23% | 27% | +4 |
| Same Amount | 43% | 40% | -3 | 39% | 37% | -2 | |
| Fewer Jobs | 34% | 43% | +9 | 38% | 36% | -2 | |
| Ability to Find New Job | Confident | 55% | 45% | -10 | 59% | 59% | 0 |
| Neutral | 33% | 35% | +2 | 29% | 27% | -2 | |
| Not Confident | 13% | 21% | +8 | 12% | 14% | +2 | |
| Future of Current Employer | Confident | 66% | 61% | -5 | 65% | 65% | 0 |
| Neutral | 24% | 26% | +2 | 24% | 22% | -2 | |
| Not Confident | 10% | 13% | +3 | 12% | 13% | +1 | |
| Likelihood to Lose Job | Likely | 9% | 15% | +6 | 11% | 11% | 0 |
| Neutral | 15% | 16% | +1 | 11% | 12% | +1 | |
| Not Likely | 76% | 69% | -7 | 78% | 77% | -1 | |
| Likelihood to Look for New Job | Likely | 38% | 33% | -5 | 34% | 34% | 0 |
| Neutral | 9% | 8% | -1 | 13% | 11% | -2 | |
| Not Likely | 52% | 59% | +7 | 53% | 55% | +2 | |
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.
To become a member of the Harris Poll Online and be invited to participate in online surveys, register at www.harrispollonline.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.
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.
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