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LOS ANGELES, Calif., August 21, 2009 –The California Employee Confidence Index slipped 4.2 points to 41.9 in July, according to the latest Spherion® Employment Report. The monthly survey of California workers, conducted by Harris Interactive® on behalf of Spherion Corporation (NYSE:SFN), uncovers that more than half of California workers are likely to look for a new job in the next year, although only one-third are confident in their ability to find a new job.
Results from the California Employment Report:
- Fewer workers reported that they are confident in their ability to find a new job. Specifically 33 percent versus 43 percent in June.
- More than half (52 percent) of workers believe it is likely they will look for a new job in the next 12 months, an increase of 11 percentage points from the previous month.
- Forty-eight percent of California workers are confident in the future of their current employer compared to 62 percent in June.
“After a brief period of increased confidence, our California Employee Confidence Index has now experienced its second consecutive month of decline,” explained Joan Van Donge, region vice president for Spherion. This is to be expected as the economy appears to be in somewhat of a holding pattern. However, we are seeing hiring opportunities at companies that have made deep cuts in their headcount and are now realizing they need outside project support in order to maintain their operational workload. We are seeing these opportunities in industries like accounting, banking, mortgage, commercial real estate and healthcare. It is also important to note that more than half of workers surveyed indicated that they are likely to look for new jobs. This is an indicator that will become increasingly vital to organizations as the economy works through this slowdown and workers become more personally confident.”
| July 2009 Employment Report Results | California Workers | U.S. Workers | |||||
| June | July | % Point Change | June | July | % Point Change | ||
| Economy | Getting Stronger | 22% | 16% | -6 | 20% | 16% | -4 |
| Staying Same | 34% | 40% | +6 | 40% | 41% | +1 | |
| Getting Weaker | 44% | 44% | 0 | 40% | 43% | +3 | |
| Job Availability | More Jobs | 3% | 7% | +4 | 7% | 6% | -1 |
| Same Amount | 18% | 20% | +2 | 21% | 22% | +1 | |
| Fewer Jobs | 78% | 72% | -6 | 72% | 72% | 0 | |
| Ability to Find New Job | Confident | 43% | 33% | -10 | 42% | 39% | -3 |
| Neutral | 32% | 36% | +4 | 32% | 35% | +3 | |
| Not Confident | 25% | 32% | +7 | 27% | 26% | -1 | |
| Future of Current Employer | Confident | 62% | 48% | -14 | 66% | 64% | -2 |
| Neutral | 23% | 32% | +9 | 23% | 24% | +1 | |
| Not Confident | 14% | 20% | +6 | 12% | 11% | -1 | |
| Likelihood to Lose Job | Likely | 21% | 28% | +7 | 16% | 15% | -1 |
| Neutral | 23% | 16% | -7 | 13% | 14% | -1 | |
| Not Likely | 56% | 56% | 0 | 71% | 71% | 0 | |
| Likelihood to Look for New Job | Likely | 41% | 52% | +11 | 35% | 34% | -1 |
| Neutral | 13% | 12% | -1 | 11% | 13% | +2 | |
| Not Likely | 46% | 37% | -9 | 54% | 52% | -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 600 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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