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NEW YORK, N.Y., March 26, 2009 – After rebounding significantly in January, the New York Employee Confidence Index fell 7.1 points to 38.4 in February, according to the latest Spherion® Employment Report. The monthly survey of New York workers, conducted by Harris Interactive® on behalf of Spherion Corporation, shows that more workers are concerned about their ability to find a new job and the number of jobs available.
Results from the New York Employment Report:
- Eighty-three percent of workers surveyed report they believe that fewer jobs are available, an increase of 14 percentage points from January.
- Only one-third (33 percent) of workers are confident in their ability to find new jobs, a 15-percentage-point decrease from the previous month.
- More workers, 71 percent, believe the economy is getting weaker, an increase of five percentage points from January.
“Several reports predicted that the first quarter of 2009 was going to be a difficult one for workers and employers alike. With retail, manufacturing and the financial sectors still struggling and unemployment rising, it is not surprising that more workers lack confidence in their jobs and the economy overall,” said Linda Perneau, vice president and general manager of Spherion Staffing Services. “However, there are recent signs that the stock market is stabilizing and we are seeing some levels of confidence rise across the country which may be a result of the economic stimulus package and proposed assistance for homeowners. We are also hopeful that job numbers will also start to rebound later in the year as well.”
| February 2009 Employment Report Results | New York Workers | U.S. Workers | |||||
| Jan | Feb | % Point Change | Jan | Feb | % Point Change | ||
| Economy | Getting Stronger | 7% | 7% | 0 | 7% | 6% | -1 |
| Staying Same | 28% | 22% | -6 | 26% | 24% | -2 | |
| Getting Weaker | 66% | 71% | +5 | 67% | 70% | +3 | |
| Job Availability | More Jobs | 10% | 2% | -8 | 6% | 5% | -1 |
| Same Amount | 21% | 15% | -6 | 18% | 17% | -1 | |
| Fewer Jobs | 69% | 83% | +14 | 76% | 79% | +3 | |
| Ability to Find New Job | Confident | 48% | 33% | -15 | 42% | 38% | -4 |
| Neutral | 32% | 42% | +10 | 33% | 34% | +1 | |
| Not Confident | 21% | 25% | +4 | 25% | 27% | +2 | |
| Future of Current Employer | Confident | 65% | 59% | -6 | 67% | 63% | -4 |
| Neutral | 25% | 26% | +1 | 22% | 24% | +2 | |
| Not Confident | 10% | 15% | +5 | 11% | 14% | +3 | |
| Likelihood to Lose Job | Likely | 16% | 16% | 0 | 16% | 17% | +1 |
| Neutral | 10% | 16% | +6 | 12% | 12% | 0 | |
| Not Likely | 74% | 68% | -6 | 72% | 71% | -1 | |
| Likelihood to Look for New Job | Likely | 32% | 28% | -4 | 34% | 33% | -1 |
| Neutral | 12% | 13% | +1 | 12% | 12% | 0 | |
| Not Likely | 56% | 59% | +3 | 54% | 56% | +2 | |
About the Spherion Employment Report
About Spherion
Spherion Corporation (NYSE:SFN) is a leading recruiting and staffing company that provides integrated solutions and breakout specialties 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.
With approximately 650 locations in the United States and Canada, Spherion delivers innovative workforce solutions that improve business performance. Spherion provides its services to approximately 10,000 customers, from Fortune 500 companies to a wide range of small and mid-size organizations. Employing more than 230,000 people annually through its network, Spherion is one of North America’s largest employers. Spherion operates under the following brands: Spherion Staffing Services Group for administrative, clerical and light industrial workers; Technisource for technology professionals and solutions; The Mergis Group for accounting and finance and other professional positions; Todays Office Professionals for specialty administrative personnel; and Spherion Recruitment Process Outsourcing. To learn more, visit www.spherion.com.
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