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NEW YORK, N.Y., April 16, 2009 –The New York Employee Confidence Index increased 3.2 points to 41.6 in March, 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 confident in their ability to find a new job, and more workers believe they are unlikely to lose their current position.
Results from the New York Employment Report:
- Forty-seven percent of workers surveyed are confident in their ability to find a new job, an increase of 14 percentage points from February.
- Nearly three-quarters, 74 percent, report that they are unlikely to lose their job, a six-percentage-point increase from the previous month.
- More workers, 62 percent, are confident in the future of their current employer, an increase of three percentage points from February.
“Although job loss continued in New York in March, our latest report is much more positive than last month’s,” said Linda Perneau, vice president and general manager of Spherion Staffing Services. “The new found confidence is probably a result of the stock market rebound and economic stimulus which may be giving workers a sense that the much needed economic help is on its way. Despite the fact that we are still seeing decreases in available jobs in areas such as retail, financial services and construction, there is continued job availability in healthcare and education.”
| March 2009 Employment Report Results | New York Workers | U.S. Workers | |||||
| Feb | Mar | % Point Change | Feb | Mar | % Point Change | ||
| Economy | Getting Stronger | 7% | 9% | +2 | 6% | 6% | 0 |
| Staying Same | 22% | 19% | -3 | 24% | 26% | +2 | |
| Getting Weaker | 71% | 72% | +1 | 70% | 68% | -2 | |
| Job Availability | More Jobs | 2% | 6% | +4 | 5% | 5% | 0 |
| Same Amount | 15% | 13% | -2 | 17% | 16% | -1 | |
| Fewer Jobs | 83% | 81% | -2 | 79% | 78% | -1 | |
| Ability to Find New Job | Confident | 33% | 47% | +14 | 38% | 39% | +1 |
| Neutral | 42% | 29% | -13 | 34% | 35% | +1 | |
| Not Confident | 25% | 24% | -1 | 27% | 26% | -1 | |
| Future of Current Employer | Confident | 59% | 62% | +3 | 63% | 66% | +3 |
| Neutral | 26% | 24% | -2 | 24% | 22% | -2 | |
| Not Confident | 15% | 14% | +1 | 14% | 13% | -1 | |
| Likelihood to Lose Job | Likely | 16% | 17% | +1 | 17% | 18% | +1 |
| Neutral | 16% | 8% | -8 | 12% | 14% | +2 | |
| Not Likely | 68% | 74% | +6 | 71% | 68% | -3 | |
| Likelihood to Look for New Job | Likely | 28% | 36% | +8 | 33% | 36% | +3 |
| Neutral | 13% | 10% | -3 | 12% | 13% | +1 | |
| Not Likely | 59% | 54% | -5 | 56% | 51% | -5 | |
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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