Press Release Archive
FORT LAUDERDALE, Fla., January 18, 2008 – The Florida Employee Confidence Index dropped 8.5 points to 48.5 in December, the lowest level seen in the history of this survey, according to the latest Spherion® Employment Report. The monthly survey of Florida workers, conducted by Harris Interactive® on behalf of Spherion Corporation, indicates that more workers are pessimistic about the economy, the job market and their ability to find a new job. While workers are less confident in their ability to find a job, more say they are likely to look for a new job in the next twelve months.
- Nearly two-thirds (65 percent) of Florida workers believe that the economy is getting weaker, an increase of 18 percentage points from November.
- Nearly half (46 percent) of Florida workers believe there are fewer jobs available, up 12 percentage points from the previous month.
- While almost half (47 percent) of Florida workers are confident in their ability to find a new job, this is a decline of 15 percentage points since November.
- More than one-third (39 percent) of workers reported that they are likely to look for a new job in the next 12 months, up eight percentage points from November.
“Although the Employee Confidence Index has reached a record-level low, the state’s unemployment rate remains low and we are experiencing a healthy job growth rate. Inevitably, turmoil in the housing market, the rising cost of gas and the weakened economy has created a decrease in workers’ macroeconomic confidence,” said Paula Franco, branch manager for Spherion Staffing Services in Florida. “Despite this decrease, companies are continuing to hire at a steady rate, especially in the areas of education and health services, leisure and hospitality and in business and professional services. Florida workers that plan to look for a new job in the next 12 months and have the right skill-sets will find a job market full of opportunities.”
|December Employment Report Results||Florida Workers||U.S. Workers|
|Nov||Dec||% Point Change||Nov||Dec||% Point Change|
|Job Availability||More Jobs||25%||18%||-7||20%||19%||-1|
|Ability to Find New Job||Confident||62%||47%||-15||56%||55%||-1|
|Future of Current Employer||Confident||63%||62%||-1||61%||64%||+3|
|Likelihood to Lose Job||Likely||7%||15%||+8||11%||13%||+2|
|Likelihood to Look for New Job||Likely||31%||39%||+8||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.
The December 2007 Spherion® Employment Report was conducted online within the United by Harris Interactive on behalf of Spherion Corporation between December 3 and 5 and December 10 and 12, 2007 among a U.S. sample of 2,827 employed adults, aged 18 years and older, of whom 158 are employed in Florida (for Nov 2007 n=132). Results were weighted as needed for age, sex, race/ethnicity, income, education and region. Propensity score weighting was also used to adjust for respondents’ propensity to be online.
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.
Harris Interactive is one of the largest and fastest-growing market research firms 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 North American, European and Asian offices, and through a global network of independent market research firms. More information about Harris Interactive may be obtained at www.harrisinteractive.com.