Finding New York Job Seekers
Constant mentioning of the national recession in the media maybe shaking the confidence of New York job seekers. According to the latest Spherion Employment Report, the New York Employee Confidence Index decreased by 2.1 points in June to 43.8.
The survey, which polls workers in New York monthly, was conducted by Harris Interactive® on the behalf of Spherion Corporation. The most recent report found that workers’ economic concerns and job market-related anxieties are growing.
Of those who participated, 77 percent said that they personally believed that the economy is weakening. This is an increase of 11 percent from the previous month. Up 5 percentage points from May, a total of 63 percent said that they felt that there were fewer job postings.
Another sign that employees may not feel as secure in there jobs is the fact that the number of individuals that responded by saying that they felt it was highly unlikely that they would lose their job dropped by 16 percent to 78 percent in June. There was also a 6 percent increase in the number of participants that stated that it was highly unlikely that they would be looking for a new job in the near future.
“The decline in overall worker confidence this month is not surprising, especially with New York’s unemployment rate rising, which may be attributed to significant losses in the manufacturing sector,” said Linda Perneua, who is the vice president of Spherion Staffing Services. “The employment situation in New York appears to be largely reflective of what the country is experiencing as a while. However, the good news is that, according to our report, an increased number of workers are feeling secure in their current positions and we continue to see ongoing growth in areas such as professional and business services.”
The New York Employee Confidence Index is based on four different components. The four separate scores are then averaged to reach an overall rating of workers confidence in the job market. A score of 50 or above denotes a positive confidence level, where as anything below 50 means a negative confidence level.