Press Release Archive
LOS ANGELES, Calif., January 18, 2008 – The California Employee Confidence Index dropped 2.5 points to 50.3 in December, the lowest level seen in the history of this survey, according to the latest Spherion®Employment Report. This month’s survey of California workers, conducted by Harris Interactive® on behalf of Spherion Corporation (NYSE:SFN), indicates that California workers are becoming increasingly less confident in the job market, economy and in their personal employment situation. Despite a drop in overall confidence, the survey revealed that California workers are more likely to search for new jobs in the next 12 months.
Sixty-three percent of workers believe the economy is getting weaker, an increase of nine percentage points from November.
Thirty-five percent of employees are likely to look for new jobs, up seven percentage points from the previous month.
Forty-seven percent of California workers believe there to be fewer jobs available, a 10 percentage point increase since November.
|December Employment Report Results||California Workers||U.S. Workers|
|Nov||Dec||% Point Change||Nov||Dec||% Point Change|
|Job Availability||More Jobs||21%||19%||-2||20%||19%||-1|
|Ability to Find New Job||Confident||53%||54%||+1||56%||55%||-1|
|Future of Current Employer||Confident||63%||62%||-1||61%||64%||+3|
|Likelihood to Lose Job||Likely||13%||13%||0||11%||13%||+2|
|Likelihood to Look for New Job||Likely||28%||35%||+7||32%||32%||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.
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 sourced, 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.