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NEW YORK, N.Y., June 18, 2009 –The New York Employee Confidence Index continues to trend upward, increasing 2.9 points to 45.9 in May, according to the latest Spherion® Employment Report. The monthly survey of New York workers, conducted by Harris Interactive® on behalf of Spherion Corporation, indicates that a decreasing number of workers believe that fewer jobs are available and more workers are confident in their ability to find a new job.
Results from the New York Employment Report:
- Seventy-three percent of workers surveyed believe fewer jobs are available, a decrease of 11 percentage points from April.
- More workers, 41 percent, are confident in their ability to find a new job, a five-percentage-point increase from the previous month.
- Thirty-nine percent of workers are likely to look for a new job, an increase of eight percentage points from April.
“As national reports continue to show signs that the recession may be bottoming out, New Yorkers’ overall confidence appears to be rebounding,” said Linda Perneau, vice president and general manager of Spherion Staffing Services. “This month’s report shows that nearly half (41 percent) of workers are confident in their ability to find a new job, increasing five percentage points from last month. At the same time, a decreasing number of workers believe there are fewer jobs available, indicating there may be a light at the end of this tunnel.”
| May 2009 Employment Report Results | New York Workers | U.S. Workers | |||||
| Apr | May | % Point Change | Apr | May | % Point Change | ||
| Economy | Getting Stronger | 17% | 18% | +1 | 16% | 20% | +4 |
| Staying Same | 37% | 36% | -1 | 38% | 42% | +4 | |
| Getting Weaker | 46% | 47% | +1 | 46% | 38% | -8 | |
| Job Availability | More Jobs | - | 8% | +8 | 5% | 8% | +3 |
| Same Amount | 16% | 20% | +4 | 20% | 21% | +1 | |
| Fewer Jobs | 84% | 73% | -11 | 75% | 71% | -4 | |
| Ability to Find New Job | Confident | 36% | 41% | +5 | 38% | 42% | +4 |
| Neutral | 38% | 35% | -3 | 35% | 34% | -1 | |
| Not Confident | 26% | 24% | -2 | 26% | 24% | -2 | |
| Future of Current Employer | Confident | 62% | 60% | -2 | 65% | 63% | -2 |
| Neutral | 21% | 25% | +4 | 22% | 25% | +3 | |
| Not Confident | 17% | 15% | -2 | 13% | 13% | 0 | |
| Likelihood to Lose Job | Likely | 15% | 17% | +2 | 18% | 16% | -2 |
| Neutral | 19% | 13% | -6 | 12% | 13% | +1 | |
| Not Likely | 66% | 70% | +4 | 70% | 71% | +1 | |
| Likelihood to Look for New Job | Likely | 31% | 39% | +8 | 34% | 34% | 0 |
| Neutral | 14% | 9% | -5 | 12% | 12% | 0 | |
| Not Likely | 55% | 52% | -3 | 54% | 53% | -1 | |
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 630 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 215,000 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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