Press Release Archive
Results from the Ohio Employment Report:
Fifty-two percent of workers believe that the economy is getting weaker, a decrease of 12 percentage points from November.
Thirty-four percent of those surveyed reported that they are likely to look for a new job, a 14 percentage point increase from November.
More workers believe that their current job is in jeopardy, with 23 percent reporting that they believe they are likely to lose their job, up 17 percentage points from the previous month.
“Despite a decline in the Employee Confidence Index, the overall Ohio labor market remains strong and we continue to see businesses expand across key industries,” said Robert Schulte, Spherion franchise owner in Ohio. “Although workers are slightly more concerned about their personal job security, the good news is that we are still experiencing consistent job growth. Those who are looking for new jobs will have plenty of opportunities to find employment.”
|December Employment Report Results||Ohio Workers||U.S. Workers|
|Nov||Dec||% Point Change||Nov||Dec||% Point Change|
|Job Availability||More Jobs||14%||12%||-2||20%||19%||-2|
|Ability to Find New Job||Confident||49%||52%||+3||56%||55%||-1|
|Future of Current Employer||Confident||62%||57%||-5||61%||64%||+3|
|Likelihood to Lose Job||Likely||6%||23%||+17||11%||13%||+2|
|Likelihood to Look for New Job||Likely||20%||34%||+14||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.