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FORT LAUDERDALE, Fla., March 28, 2008 – The Florida Employee Confidence Index decreased 0.9 point to 46.2 in February, according to the latest Spherion® Employment Report. The monthly survey of Florida workers, conducted by Harris Interactive® on behalf of Spherion Corporation, reveals that more workers are concerned about the economy and their ability to find a new job. In spite of this slight decline in overall confidence, more workers report that it is unlikely that they will lose their jobs in the next 12 months.
Results from the Florida Employment Report:
- Twenty-one percent of Florida workers report that they are not confident in their ability to find a new job, an increase of seven percentage points from the previous month.
- More workers feel secure with their current employer. Specifically, 72 percent of workers feel it is unlikely they will lose their job in the next 12 months, compared to 65 percent in January.
- Sixty-eight percent of workers believe the economy is getting weaker, increasing three percentage points from the previous month.
| February 2008 Employment Report Results | Florida Workers | U.S. Workers | |||||
| Jan | Feb | % Point Change | Jan | Feb | % Point Change | ||
| Economy | Getting Stronger | 6% | 9% | +3 | 9% | 6% | -3 |
| Staying Same | 29% | 23% | -6 | 23% | 26% | +3 | |
| Getting Weaker | 65% | 68% | +3 | 68% | 68% | 0 | |
| Job Availability | More Jobs | 14% | 14% | 0 | 16% | 13% | -3 |
| Same Amount | 33% | 37% | +4 | 32% | 34% | +2 | |
| Fewer Jobs | 53% | 50% | -3 | 52% | 53% | +1 | |
| Ability to Find New Job | Confident | 43% | 40% | -3 | 52% | 53% | +1 |
| Neutral | 42% | 39% | -3 | 31% | 30% | -1 | |
| Not Confident | 14% | 21% | +7 | 17% | 17% | 0 | |
| Future of Current Employer | Confident | 60% | 59% | -1 | 63% | 65% | +2 |
| Neutral | 25% | 27% | +2 | 23% | 22% | -1 | |
| Not Confident | 15% | 14% | -1 | 14% | 12% | -2 | |
| Likelihood to Lose Job | Likely | 20% | 17% | -3 | 12% | 12% | 0 |
| Neutral | 15% | 10% | -5 | 12% | 10% | -2 | |
| Not Likely | 65% | 72% | +7 | 77% | 78% | +1 | |
| Likelihood to Look for New Job | Likely | 46% | 35% | -11 | 38% | 36% | -2 |
| Neutral | 13% | 15% | +2 | 10% | 12% | +2 | |
| Not Likely | 41% | 50% | +9 | 52% | 53% | +1 | |
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.
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