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DALLAS, Texas, September 18, 2009 – The Texas Employee Confidence Index edged up 1.8 points to 53.7 in August, according to the latest Spherion® Employment Report. The monthly survey of Texas workers, conducted by Harris Interactive® on behalf of Spherion Corporation, continues to reveal conflicted confidence levels among workers. While more workers feel confident about the security of their current jobs, fewer workers feel confident in the future of their current employers. However, fewer workers reported that they believe the economy is getting weaker, boosting overall employee confidence.
Results from the Texas Employment Report:
- Fewer workers believe the economy is getting weaker. Specifically, 28 percent believe the economy is getting weaker, a decrease of 19 percentage points from July.
- Sixty percent of Texas workers are confident in the future of their current employer, decreasing 10 percentage points from the previous month.
- Eight in ten workers (80 percent) believe it is not likely they will lose their jobs versus 76 percent in July.
- More workers believe it is not likely they will look for a new job in the next 12 months. Sixty percent of workers believe it is unlikely versus 56 percent in July.
“The uptick in confidence among Texas workers in August has our Employee Confidence Index reaching a 12- month record high. Although the Texas unemployment rate registered below the U.S. jobless rate, workers continue to harbor mixed emotions,” said Kim Lockhart, regional vice president for Spherion in Texas. “A prime example of this uncertainty is illustrated by the fact that more workers reported confidence in their own job security, but did not have the same sentiment toward the future of their current employers. We recommend that employers foster a workplace environment that promotes growth and cultivation of existing talent in an effort to help pacify employee uncertainty.”
| August 2009 Employment Report Results | Texas Workers | U.S. Workers | |||||
| July | August | % Point Change | July | August | % Point Change | ||
| Economy | Getting Stronger | 16% | 25% | +9 | 16% | 24% | +8 |
| Staying Same | 37% | 47% | +10 | 41% | 42% | +1 | |
| Getting Weaker | 47% | 28% | -19 | 43% | 34% | -9 | |
| Job Availability | More Jobs | 14% | 7% | -7 | 6% | 8% | +2 |
| Same Amount | 22% | 33% | +11 | 22% | 24% | +2 | |
| Fewer Jobs | 64% | 61% | -3 | 72% | 69% | -3 | |
| Ability to Find New Job | Confident | 52% | 54% | +2 | 39% | 40% | +1 |
| Neutral | 28% | 26% | -2 | 35% | 35% | 0 | |
| Not Confident | 20% | 20% | 0 | 26% | 25% | -1 | |
| Future of Current Employer | Confident | 70% | 60% | -10 | 64% | 64% | 0 |
| Neutral | 24% | 31% | +7 | 24% | 25% | +1 | |
| Not Confident | 6% | 8% | +2 | 11% | 11% | 0 | |
| Likelihood to Lose Job | Likely | 12% | 8% | -4 | 15% | 15% | 0 |
| Neutral | 12% | 12% | 0 | 14% | 12% | -2 | |
| Not Likely | 76% | 80% | +4 | 71% | 73% | +2 | |
| Likelihood to Look for New Job | Likely | 26% | 29% | +3 | 34% | 35% | +1 |
| Neutral | 19% | 11% | -8 | 13% | 10% | -3 | |
| Not Likely | 56% | 60% | +4 | 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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