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Florida Employment Report: Employee Confidence Rebounds in October

FORT LAUDERDALE, Fla., November 20, 2009 – The Florida Employee Confidence Index increased 2.6 points to 47.1 in October, according to the latest Spherion^® Employment Report. The monthly survey of Florida workers, conducted by Harris Interactive^® on behalf of Spherion Corporation, highlights an overall sense of increased confidence among Florida workers. Specifically, workers are more optimistic about the strength of the economy and the future of their current employers, with fewer reporting a likelihood to job search in the next 12 months.

Results from the Florida Employment Report:

More workers believe the economy is getting stronger. Specifically, 26 percent of workers believe the economy is getting stronger, an increase of eight percentage points from September.
Nearly two-thirds (63 percent) of workers are confident in the future of their current employer, representing a two percentage point increase from September.
Fewer workers are likely to make a job transition in the next 12 months, with 26 percent reporting the likelihood to do so. This is a seven percentage point decrease from the prior month.

"The economic downturn has proven to be quite the game-changer for many industries and businesses. The impact has been especially felt throughout the state of Florida," said Paula Franco, branch manager for Spherion Staffing Services in Florida. "Our latest Florida Employee Confidence Index is a reflection of just that. The Index nudged up a bit in October, as more workers believe that the economy is getting stronger. However, this segment of workers only represents a quarter of those surveyed; underscoring the fragile economic state businesses must navigate through. With a quarter of workers likely to job search in the next 12 months, companies’ efforts to retain and cultivate their existing workforce should be a top priority."

October 2009 Employment Report Results		Florida Workers			U.S. Workers
		Sept.	Oct.	% Point Change	Sept.	Oct.	% Point Change
Economy	Getting Stronger	18%	26%	+8	27%	23%	-4
	Staying Same	41%	36%	-5	39%	41%	+2
	Getting Weaker	41%	38%	-3	34%	35%	+1
Job Availability	More Jobs	3%	8%	+5	8%	8%	0
	Same Amount	25%	21%	-4	23%	22%	-1
	Fewer Jobs	72%	71%	-1	69%	70%	+1
Ability to Find New Job	Confident	34%	34%	0	38%	38%	0
	Neutral	38%	37%	-1	36%	34%	-2
	Not Confident	28%	30%	+2	26%	28%	+2
Future of Current Employer	Confident	61%	63%	+2	63%	64%	+1
	Neutral	22%	22%	0	24%	24%	0
	Not Confident	17%	15%	-2	13%	12%	-1
Likelihood to Lose Job	Likely	19%	15%	-4	17%	14%	-3
	Neutral	17%	21%	+4	13%	15%	+2
	Not Likely	64%	63%	-1	70%	71%	+1
Likelihood to Look for New Job	Likely	33%	26%	-7	35%	32%	-3
	Neutral	11%	19%	+8	14%	13%	-1
	Not Likely	55%	55%	0	51%	55%	+4

About the Spherion Employment Report

Methodology

About Harris Interactive

About Spherion Staffing Services

Spherion Staffing Services is a leading recruiting and staffing provider that specializes in placing administrative, clerical, customer service and light industrial candidates in temporary and full-time opportunities. As an industry pioneer for more than 60 years, Spherion Staffing Services has sourced, screened and placed millions of individuals in a multitude of industries throughout our network of offices across the United States and Canada.

Spherion Staffing Services is a division of Spherion Corporation (NYSE:SFN), which operates a family of specialty brands providing strategic workplace solutions in professional recruiting, outsourcing, managed services and contractor compliance programs, technology services and general staffing. For more information, please visit www.spherion.com.