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FORT LAUDERDALE, Fla., August 21, 2009 – The Florida Employee Confidence Index inched up 4.9 points to 42.7 in July, according to the latest Spherion® Employment Report. The monthly survey of Florida workers, conducted by Harris Interactive® on behalf of Spherion Corporation, indicates an increase in workers’ overall confidence levels. Specifically, Florida workers reported higher levels of confidence in the macroeconomic situation and in the future of their current employers. Florida workers also reported that they are less likely to look for a new job in the next 12 months compared to June.
Results from the Florida Employment Report:
- In July, more workers report the economy is staying the same, while fewer workers report that the economy is getting weaker. Specifically, 40 percent of workers believe the economy is getting weaker (compared to 61 percent in June) and 49 percent believe it is staying the same (compared to 26 percent in June’s report).
- Seventy-four percent of Florida workers believe there are fewer jobs available, decreasing 10 percentage points from June.
- More workers are confident in the future of their current employer. Specifically, 56 percent versus 48 percent in the previous month.
- Fewer workers are likely to look for a new job in the next 12 months, with 30 percent reporting a likelihood of doing so. This represents a decrease of 12 percentage points from June.
“After declining in June, our Florida Employee Confidence Index edged up in July as workers showed signs of increased optimism about the economy and job availability, and greater confidence in the future of their current employers,” said Paula Franco, branch manager for Spherion Staffing Services in Florida. “While this is certainly one of many signs that suggest the economy may be closer to stabilization, we are still a long way from a full recovery. However, it does appear that the pace of U.S. job loss is slowing. In fact, we are seeing more clients engage in hiring discussions, as many have come to realize that their initial cost-savings measures may have been too deep.”
| July 2009 Employment Report Results | Florida Workers | U.S. Workers | |||||
| June | July | % Point Change | June | July | % Point Change | ||
| Economy | Getting Stronger | 13% | 11% | -2 | 20% | 16% | -4 |
| Staying Same | 26% | 49% | +23 | 40% | 41% | +1 | |
| Getting Weaker | 61% | 40% | -21 | 40% | 43% | +3 | |
| Job Availability | More Jobs | 3% | 2% | -1 | 7% | 6% | -1 |
| Same Amount | 13% | 24% | +11 | 21% | 22% | +1 | |
| Fewer Jobs | 84% | 74% | -10 | 72% | 72% | 0 | |
| Ability to Find New Job | Confident | 32% | 33% | +1 | 42% | 39% | -3 |
| Neutral | 27% | 34% | +7 | 32% | 35% | +3 | |
| Not Confident | 41% | 33% | -8 | 27% | 26% | -1 | |
| Future of Current Employer | Confident | 48% | 56% | +8 | 66% | 64% | -2 |
| Neutral | 45% | 29% | -16 | 23% | 24% | +1 | |
| Not Confident | 7% | 15% | +8 | 12% | 11% | -1 | |
| Likelihood to Lose Job | Likely | 17% | 11% | -6 | 16% | 15% | -1 |
| Neutral | 18% | 23% | +5 | 13% | 14% | -1 | |
| Not Likely | 65% | 67% | +2 | 71% | 71% | 0 | |
| Likelihood to Look for New Job | Likely | 42% | 30% | -12 | 35% | 34% | -1 |
| Neutral | 7% | 20% | +13 | 11% | 13% | +2 | |
| Not Likely | 52% | 49% | -3 | 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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