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DALLAS, Texas, August 17, 2007 – Rising for the second consecutive month and reaching its highest level this year, the Texas Employee Confidence Index increased 3.9 points to 65.7 in July, 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 confident about the job market and future of their current employer.
Results from the Texas Employment Report:
- More workers believe the economy is staying the same. Specifically, 47 percent of workers believe the economy is staying the same versus 40 percent in June.
- Thirty-six percent of workers believe that more jobs are available, an increase of five percentage points from the previous month.
- Eighty-two percent of workers feel it is unlikely they will lose their jobs, an increase of 11 percentage points from June.
“Our latest report provides a snapshot of workers that are optimistic about the state of the job market and economy. Overall confidence has been on the rise and the demand for skilled workers hasn’t let up,” said Kim Lockhart, director of operations for Spherion in Texas. “For those individuals looking for work, there are plenty of good jobs are out there. However, in our own recruiting and staffing business, we are noticing that certain industries are doing better than others. Qualified workers in the finance, technology and energy industries are in particularly high demand. With hourly wages, sign-on bonuses and overall salary packages increasing, candidates continue to be open to new opportunities and have increasing control in their job choices.”
| June Employment Report Results | |||||||
| Texas Workers | U.S. Workers | ||||||
| June | July | % Point Change | June | July | % Point Change | ||
| Economy | Getting Stronger | 27% | 27% | 0 | 21% | 20% | -1 |
| Staying Same | 40% | 47% | +7 | 39% | 40% | +1 | |
| Getting Weaker | 33% | 27% | -6 | 40% | 40% | 0 | |
| Job Availability | More Jobs | 31% | 36% | +5 | 27% | 28% | +1 |
| Same Amount | 38% | 37% | -1 | 37% | 37% | 0 | |
| Fewer Jobs | 30% | 28% | -2 | 36% | 35% | -1 | |
| Ability to Find New Job | Confident | 66% | 61% | -5 | 59% | 60% | +1 |
| Neutral | 23% | 31% | +8 | 27% | 27% | 0 | |
| Not Confident | 12% | 9% | -3 | 14% | 14% | 0 | |
| Future of Current Employer | Confident | 62% | 75% | +13 | 65% | 64% | -1 |
| Neutral | 20% | 16% | -4 | 22% | 24% | +2 | |
| Not Confident | 17% | 10% | -7 | 13% | 12% | -1 | |
| Likelihood to Lose Job | Likely | 16% | 9% | -7 | 11% | 12% | +1 |
| Neutral | 13% | 10% | -3 | 12% | 9% | -3 | |
| Not Likely | 71% | 82% | +11 | 77% | 79% | +2 | |
| Likelihood to Look for New Job | Likely | 41% | 35% | -6 | 34% | 36% | +2 |
| Neutral | 8% | 10% | +2 | 11% | 9% | -2 | |
| Not Likely | 51% | 55% | +4 | 55% | 56% | +1 | |
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.
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 13th 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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