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DALLAS, Texas, August 21, 2009 – Despite employment rising in July, the Texas Employee Confidence Index dipped 2.2 points to 51.9, according to the latest Spherion® Employment Report. The monthly survey of Texas workers, conducted by Harris Interactive® on behalf of Spherion Corporation, underscores the mixed emotions workers have toward our current macroeconomic situation.
Results from the Texas Employment Report:
- Forty-seven percent of workers believe the economy is getting weaker, showing an increase of nine percentage points from June.
- Seventy-six percent of Texas workers believe they are not likely to lose their jobs, up five percentage points from the previous month.
- Approximately one quarter (26 percent) of workers believe it is likely they will make a job transition in the next 12 months compared to 36 percent in June.
“Although we are on the heels of June’s report showing a record high in our Employee Confidence Index over the last year, we continue to see signs of wavering confidence among Texas workers. The slight decline in this month’s Index is reflective of the economic uncertainty being felt by workers not only in Texas, but across the country,” said Kim Lockhart, regional vice president for Spherion in Texas. “It appears, however, that Texas workers are expressing high levels of personal confidence. Employers should take note of this sentiment as conversations about their talent base and preparing for an eventual market turnaround take place.”
| July 2009 Employment Report Results | Texas Workers | U.S. Workers | |||||
| June | July | % Point Change | June | July | % Point Change | ||
| Economy | Getting Stronger | 23% | 16% | -7 | 20% | 16% | -4 |
| Staying Same | 39% | 37% | -2 | 40% | 41% | +1 | |
| Getting Weaker | 38% | 47% | +9 | 40% | 43% | +3 | |
| Job Availability | More Jobs | 9% | 14% | -5 | 7% | 6% | -1 |
| Same Amount | 29% | 22% | -7 | 21% | 22% | +1 | |
| Fewer Jobs | 62% | 64% | +2 | 72% | 72% | 0 | |
| Ability to Find New Job | Confident | 54% | 52% | -2 | 42% | 39% | -3 |
| Neutral | 26% | 28% | +2 | 32% | 35% | +3 | |
| Not Confident | 20% | 20% | 0 | 27% | 26% | -1 | |
| Future of Current Employer | Confident | 74% | 70% | -4 | 66% | 64% | -2 |
| Neutral | 20% | 24% | +4 | 23% | 24% | +1 | |
| Not Confident | 6% | 6% | 0 | 12% | 11% | -1 | |
| Likelihood to Lose Job | Likely | 13% | 12% | -1 | 16% | 15% | -1 |
| Neutral | 15% | 12% | -3 | 13% | 14% | -1 | |
| Not Likely | 71% | 76% | +5 | 71% | 71% | 0 | |
| Likelihood to Look for New Job | Likely | 36% | 26% | -10 | 35% | 34% | -1 |
| Neutral | 15% | 19% | +4 | 11% | 13% | +2 | |
| Not Likely | 49% | 56% | +7 | 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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