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NEW YORK, N.Y., August 20, 2009 – After reaching its highest mark in 2009, the New York Employee Confidence Index decreased by 1.1 points to 46.7 in July, 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 an increased number of workers believe fewer jobs are available, however, more workers are confident in their ability to find a job.
Results from the New York Employment Report:
- Three-quarters (75 percent) of workers surveyed believe there are fewer jobs available, an increase of 11 percentage points from June.
- The number of workers confident in their ability to find a new job has increased to 40 percent, a seven-percentage-point upswing from the previous month.
- Fewer workers (14 percent) feel that it is likely that they will lose their job, a decrease of six percentage point from June.
“Although the New York Employee Confidence Index decreased a little more than a point, we are still very encouraged by workers’ confidence levels across the state,” said Linda Perneau, vice president and general manager of Spherion Staffing Services. “Despite the fact that more workers have concerns about the number of opportunities available, it is still very telling that fewer workers are concerned about losing their jobs, which may be further evidence that the recession is subsiding somewhat and companies are beginning to level off in terms of layoffs and jobs loss.”
| July 2009 Employment Report Results | New York Workers | U.S. Workers | |||||
| June | July | % Point Change | June | July | % Point Change | ||
| Economy | Getting Stronger | 21% | 16% | -5 | 20% | 16% | -4 |
| Staying Same | 45% | 47% | +2 | 40% | 41% | +1 | |
| Getting Weaker | 33% | 37% | +4 | 40% | 43% | +3 | |
| Job Availability | More Jobs | 11% | 5% | -6 | 7% | 6% | -1 |
| Same Amount | 25% | 20% | -5 | 21% | 22% | +1 | |
| Fewer Jobs | 64% | 75% | +11 | 72% | 72% | 0 | |
| Ability to Find New Job | Confident | 33% | 40% | +7 | 42% | 39% | -3 |
| Neutral | 37% | 34% | -3 | 32% | 35% | +3 | |
| Not Confident | 30% | 26% | -4 | 27% | 26% | -1 | |
| Future of Current Employer | Confident | 64% | 67% | +3 | 66% | 64% | -2 |
| Neutral | 17% | 19% | +2 | 23% | 24% | +1 | |
| Not Confident | 20% | 14% | -6 | 12% | 11% | -1 | |
| Likelihood to Lose Job | Likely | 20% | 14% | -6 | 16% | 15% | -1 |
| Neutral | 8% | 10% | +2 | 13% | 14% | -1 | |
| Not Likely | 71% | 76% | +5 | 71% | 71% | 0 | |
| Likelihood to Look for New Job | Likely | 36% | 33% | -3 | 35% | 34% | -1 |
| Neutral | 11% | 12% | +1 | 11% | 13% | +2 | |
| Not Likely | 53% | 55% | +2 | 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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