Press Release Archive
DALLAS, Texas, June 19, 2009 – The Texas Employee Confidence Index increased for the third consecutive month, inching up 3.0 points to 53.8 in May, according to the latest Spherion® Employment Report. The monthly survey of Texas workers, conducted by Harris Interactive® on behalf of Spherion Corporation, reveals that fewer workers continue to believe the economy is getting weaker and more are confident in their ability to find a new job.
Results from the Texas Employment Report:
- Thirty-two percent of workers believe the economy is getting weaker, showing a decline of 10 percentage points from April.
- Fifty-eight percent of Texas workers believe fewer jobs are available, compared to 70 percent in the previous month.
- More workers are confident in their ability to find a new job. Specifically, half of workers (50 percent) surveyed are confident in their ability to find a new job versus 45 percent in April.
“Although unemployment continues to rise, the Texas jobless rate continues to remain well below the national average. We are seeing signs in our market and among leading indicators that the economic downturn appears to be slowing down,” said Kim Lockhart, regional vice president for Spherion in Texas. “While it is too soon to label this as a lasting trend, we are hearing that more companies are revisiting their staffing needs. In fact, we are seeing some activity in industries such as real estate, mortgage, energy and non-clinical healthcare. With historically large candidate pools, many companies are looking towards utilizing a contingent workforce to fulfill their business needs without making long-term hiring decisions.”
|May 2009 Employment Report Results||Texas Workers||U.S. Workers|
|Apr||May||% Point Change||Apr||May||% Point Change|
|Job Availability||More Jobs||9%||8%||-1||5%||8%||+3|
|Ability to Find New Job||Confident||45%||50%||+5||38%||42%||+4|
|Future of Current Employer||Confident||72%||71%||-1||65%||63%||-2|
|Likelihood to Lose Job||Likely||13%||13%||0||18%||16%||-2|
|Likelihood to Look for New Job||Likely||34%||32%||-2||34%||34%||0|
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.