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Ohio Employment Report: Confidence Index Decreases On Growing Concerns About Strength of Economy, Job Availability

COLUMBUS, Ohio, August 21, 2009 — The Ohio Employee Confidence Index decreased by 3.3 points to 42.3 in July, according to the latest Spherion® Employment Report. The monthly survey conducted by Harris Interactive® on behalf of Spherion Corporation (NYSE:SFN), reveals that, for the second consecutive month, there has been an increase in the proportion of workers who are concerned about the strength of the economy, as well as an increase in the proportion who lack confidence in finding a new job.

 

Results from the Ohio Employment Report:

 

  • Fifty-six percent of workers believe the economy is getting weaker, an increase of 12 percentage points from June.
  • Thirty-six percent of workers lack confidence in their ability to find a new job, a 15-percentage-point increase from the previous month.
  • Nearly half of workers (48 percent) say that they are likely to look for a new job, an increase of 18 percentage points from June.

 

“We experienced a hiccup in July’s report after an upward trend throughout the summer, mostly due to the national economic fluctuations which was compounded by further job losses in the state,” said Robert Schulte, Spherion franchise owner in Ohio. “Our report indicates that, while workers’ fears are focused on the strength of the economy and finding a job, an increased number of workers are likely to look for a new job in the next year, possibly signaling that there is still some optimism around the job search.”

July 2009 Employment Report Results California Workers U.S.  Workers
  June July % Point Change June July % Point Change
Economy Getting Stronger 16% 13% -3 20% 16% -4
Staying Same 40% 31% -9 40% 41%  +1
Getting Weaker 44% 56% +12 40% 43%  +3
Job Availability More Jobs 5% 4% +1 7% 6% -1
Same Amount 12% 19% +7 21% 22% +1
Fewer Jobs 82% 77% -5 72% 72% 0
Ability to Find New Job Confident 41% 35% -6 42% 39% -3
Neutral 37% 28% -9 32% 35% +3
Not Confident 21% 36% +15 27% 26% -1
Future of Current Employer Confident 62% 65% +3 66% 64% -2
Neutral 25% 25% 0 23% 24% +1
Not Confident 13% 10% -3 12% 11% -1
Likelihood to Lose Job Likely 18% 15% -3 16% 15% -1
Neutral 14% 16% +2 13% 14% -1
Not Likely 68% 70% +2 71% 71% 0
Likelihood to Look for New Job Likely 30% 48% +18 35% 34% -1
Neutral 15% 11% -4 11% 13% +2
Not Likely 55% 41% -14 54% 52% -2

About the Spherion Employment Report

 

Methodology

 

About Harris Interactive

 

 

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.

 

OH-Emp-Rep-July09-PDF
Click here for a PDF of the Report (54 KB)

 

Media Contact

Lesly Cardec

954.308.6302

 

leslycardec@sfngroup.com

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