Press Release Archive
Results from the New York Employment Report:
- Five percent of workers believe the economy is getting stronger, a 10 percentage point decrease from November.
- More workers are concerned about the number of existing jobs, with 57 percent reporting that they believe fewer jobs are available, an increase of 15 percentage points from the previous month.
- More than half (59%) of workers are confident in the future of their employer, compared to 53 percent in November.
“The state’s overall employment picture has remained stable, despite increased economic concerns,” said Rich Mazelsky, regional vice president of Spherion Staffing Services. “Those who expressed anxiety about job availability may be looking at the manufacturing and mortgage industries, which are still struggling. However, we continue to experience strong growth in industries such as marketing, accounting and hospitality.”
|December Employment Report Results||New York Workers||U.S. Workers|
|Nov||Dec||% Point Change||Nov||Dec||% Point Change|
|Job Availability||More Jobs||23%||9%||-14||20%||19%||-1|
|Ability to Find New Job||Confident||55%||55%||0||56%||55%||-1|
|Future of Current Employer||Confident||53%||59%||+6||61%||64%||+3|
|Likelihood to Lose Job||Likely||11%||6%||-5||11%||13%||+2|
|Likelihood to Look for New Job||Likely||40%||31%||-9||32%||32%||0|
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.