NEW YORK, July 2, 2012 /PRNewswire/ -- Randstad's latest Employee Confidence Index was 51.1 in June, recording its third consecutive decline in overall confidence levels among U.S. workers. Macroeconomic concerns contributed to the continued retreat in overall optimism, as workers apprehensions about the strength of the economy and job availability increased. While the overall June Index dipped by 2.1 points, it still remains three points higher than this time last year.
Yet, despite greater economic insecurities, employee perspectives on the availability of jobs and the future of their current employers remain largely unchanged or slightly higher than in January. Most notably, employee confidence in the ability to find a new job is up four points over the January number. In both May and June, 41 percent of respondents expressed confidence in being able to find new employment.
"These first six months of the year have certainly been different than what analysts and economists expected, with less job creation posted in the second quarter," said Joanie Ruge, SVP & chief employment analyst for Randstad Holding. "While the economy has unquestionably added jobs at a very modest pace, it is certainly interesting to see that workers remain confident about the stability of their current jobs, employers and ability to find employment.
"It is clear, however, that the economy and job market are continuing to weigh heavily on the minds of U.S. workers. This sentiment will also likely remain for employers as they look towards the second half of what has proven to be a year of caution. In fact, many expect this mindset to remain as we head closer to the November U.S. presidential election. That said, we continue to see demand in industries like information technology and engineering, as unemployment rates remain low and the demand for skilled workers high. With the more than eight million jobs lost since the start of the financial crisis, roughly 3.8 million have been added back. Job creation will continue to be a top priority as we reach the final few quarters of 2012."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts