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NEW YORK, N.Y., September 17, 2009 – The New York Employee Confidence Index reached a new high for 2009, increasing 8.9 points to 55.6 in August, according to the latest Spherion® Employment Report. The monthly survey of New York workers, conducted by Harris Interactive® on behalf of Spherion Corporation, shows that the increase in the Employee Confidence Index was buoyed by more workers feeling confident in the strength of the economy, as well as in their ability to find a new job.
Results from the New York Employment Report:
- Twenty-eight percent of workers surveyed believe the economy is getting stronger, an increase of 12 percentage points from July.
- More workers (52 percent) are confident in their ability to find a new job, a 12-percentage-point increase from the previous month.
- Nearly three-quarters (74 percent) of workers are confident in the future of their current employer, an increase of seven percentage points from July.
“Aside from the slight dip last month, New York’s Employee Confidence Index has consistently increased throughout 2009, and it’s great to see it reach its present level in August,” said Linda Perneau, vice president and general manager of Spherion Staffing Services. “With the economy continuing to show signs of stabilization and fewer layoffs happening across the nation, it is not surprising to see that more workers are encouraged about the job situation. Although nearly three-quarters of workers surveyed reported that they are confident in the future of their current employer, more than half also reported confidence in their ability to find a new job. This is a statistic we highly recommend employers monitor as the recession begins to loosen its grip, providing workers with increased job options.”
| August 2009 Employment Report Results | New York Workers | U.S. Workers | |||||
| July | August | % Point Change | July | August | % Point Change | ||
| Economy | Getting Stronger | 16% | 28% | +12 | 16% | 24% | +8 |
| Staying Same | 47% | 45% | -2 | 41% | 42% | +1 | |
| Getting Weaker | 37% | 27% | -10 | 43% | 34% | -9 | |
| Job Availability | More Jobs | 5% | 8% | +3 | 6% | 8% | +2 |
| Same Amount | 20% | 28% | +8 | 22% | 24% | +2 | |
| Fewer Jobs | 75% | 65% | -10 | 72% | 69% | -3 | |
| Ability to Find New Job | Confident | 40% | 52% | +12 | 39% | 40% | +1 |
| Neutral | 34% | 32% | -2 | 35% | 35% | 0 | |
| Not Confident | 26% | 17% | -9 | 26% | 25% | -1 | |
| Future of Current Employer | Confident | 67% | 74% | +7 | 64% | 64% | 0 |
| Neutral | 19% | 17% | -2 | 24% | 25% | +1 | |
| Not Confident | 14% | 9% | -5 | 11% | 11% | 0 | |
| Likelihood to Lose Job | Likely | 14% | 14% | 0 | 15% | 15% | 0 |
| Neutral | 10% | 12% | +2 | 14% | 12% | -2 | |
| Not Likely | 76% | 74% | -2 | 71% | 73% | +2 | |
| Likelihood to Look for New Job | Likely | 33% | 32% | -1 | 34% | 35% | +1 |
| Neutral | 12% | 8% | +4 | 13% | 10% | -3 | |
| Not Likely | 55% | 60% | +5 | 52% | 54% | +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 SourceRight Solutions for recruitment process outsourcing. To learn more, visit www.spherion.com.
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