Press Release Archive
Results from the Illinois Employment Report:
- Fifty-five percent of workers are confident in their ability to find a new job, up eight percentage points from November.
- More workers are optimistic about in the number of jobs available, with 19 percent stating they believe more jobs are available, an increase of five percentage points from the previous month.
- Nearly two-thirds (62 percent) of workers are likely to look for a job, up 33 percentage points from November.
“Illinois has one of the strongest employment situations in the Midwest, so it’s refreshing to see that the Employee Confidence Index has rebounded after three months of decline,” explained Michael Ruter, managing director of Spherion Professional Services in Chicago. “According to the December report, there is an overwhelming increase in the number of workers who are likely to look for new jobs, indicating that workers are taking note of the positive gains seen in industries such as insurance and retail.”
|December Employment Report Results||Illinois Workers||U.S. Workers|
|Nov||Dec||% Point Change||Nov||Dec||% Point Change|
|Job Availability||More Jobs||14%||19%||+5||20%||19%||-1|
|Ability to Find New Job||Confident||47%||55%||+8||56%||55%||-1|
|Future of Current Employer||Confident||53%||52%||-1||61%||64%||+3|
|Likelihood to Lose Job||Likely||12%||12%||0||11%||13%||+2|
|Likelihood to Look for New Job||Likely||29%||62%||+33||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.