worker confidence on the rise
back to overviewWorker Confidence on the Rise
NEW YORK, 11.04.11 – The Randstad Employee Confidence Index increased by 0.8 points to 45.6 in October. The Index, which measures workers’ confidence in their personal employment situation and optimism in the economic environment, shows that slightly fewer workers believe the economy is getting weaker and more believe that the number of jobs available increased.
“Worker confidence in the economy and in the job market continues its sluggish climb back to higher levels this month,” says Joanie Ruge, senior vice president and chief employment analyst of Randstad US. “Results from our Employee Confidence Index mirror the Thomson Reuters / University of Michigan consumer sentiment survey, which showed improvement for the second month in a row. It appears that many businesses and consumers alike are feeling uncertain in terms of a recovery in the near term due to mixed economic signals. While we anticipate modest growth for the remainder of this year, we are optimistic that we will see healthier hiring activity in 2012—albeit slow-moving. This is particularly beneficial for the temporary staffing sector as many companies rely on these services to maintain a flexible headcount, and to locate hard-to-find skill sets in the recovery process. We are also seeing growth in permanent placement positions and expect this trend to continue heading into the New Year.”
The survey was conducted by Harris Interactive on behalf of Randstad. It surveyed 1,219 employed U.S. adults, aged 18 and over between October 10 and 12, 2011.
A Look Inside the Report
Confidence in Macroeconomic Environment:
- 51 percent of U.S. workers believe the economy has weakened, decreasing by two percentage points from September.
- 12 percent of employed adults believe that more jobs are available compared to nine percent in the previous month’s report.
Confidence in Personal Employment Situation:
- The number of U.S. workers indicating that they are confident in the future of their employer remained unchanged in October. This indicator remains at 60 percent.
- 36 percent of workers are confident in their ability to find a new job, rising one percentage point from September.
- 68 percent of workers believe that it is unlikely they will lose their jobs in the next 12 months. This is a decrease of one percentage point from the previous month.
- 34 percent of workers are likely to look for a new job in the next 12 months. This is up from 32 percent in September.
This survey was conducted online in the U.S. by Harris Interactive on behalf of Randstad between October 10 and 12, 2011 among a U.S. sample of 1,219 employed adults, aged 18 years and older (September 2011 and n=1,251). Results were weighted as needed for age, sex, race/ethnicity, income, education, and region. Propensity score weighting was also used to adjust for respondents’ propensity to be online.
All sample surveys and polls, whether or not they use probability sampling, are subject to multiple sources of error which are most often not possible to quantify or estimate, including sampling error, coverage error, error associated with nonresponse, error associated with question wording and response options, and post-survey weighting and adjustments. Therefore, Harris Interactive avoids the words “margin of error” as they are misleading. All that can be calculated are different possible sampling errors with different probabilities for pure, unweighted, random samples with 100% response rates. These are only theoretical because no published polls come close to this ideal.
Respondents for this survey were selected from among those who have agreed to participate in Harris Interactive surveys. The data have been weighted to reflect the composition of the U.S. adult population. Because the sample is based on those who agreed to be invited to participate in the Harris Interactive online research panel, no estimates of theoretical sampling error can be calculated.
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