ATLANTA, Nov. 27, 2012 /PRNewswire/ -- The Randstad Engineering Employee Confidence Index, a measure of overall confidence among U.S. engineers, was 54.4 in the third quarter of 2012—a decrease of 4.6 points from last quarter and the second consecutive decline this year. The quarterly report, conducted by Harris Interactive on behalf of Randstad Engineering, surveyed 146 workers employed in the engineering industry. This quarter's findings reflect further skepticism among engineering workers about the overall economy and in the availability of jobs. At the same time, feelings towards their own job security remained strong.
"Despite the relative positive outlook for the engineering field, it appears professionals in this industry may have been impacted by negative news surrounding the employment situation and economic conditions abroad, especially in Europe," said Richard Zambacca, president of Randstad Engineering. "This diminished optimism is reflected in this quarter's findings, specifically the fact that half of the engineers' surveyed feel there are fewer jobs available and indicate they are not likely to look for a new job in the next 12 months. However, it is important to note that more workers feel secure in their positions than in the second quarter. Despite this drop in confidence, the sector is poised for growth and projected to hire at rates faster than many other industries. Contributing to the high demand for these skills is a lack of experienced, licensed engineers in the market. In fact, the National Society of Professional Engineers states that only about 20 percent of those who graduate with a B.S. in engineering in the U.S. go on to become licensed professional engineers. As more funding becomes available, and construction budgets open up, the job market for highly-skilled engineers will become even more competitive."
Q3, 2012 Survey Highlights:Engineering Workers Growing More Concerned About the Strength of Economy
- Only 29 percent of engineering professionals believe the economy is getting stronger, a decline from 38 percent in Q2 2012. At the same time, 48 percent believe the economy is getting weaker (versus 38 percent in the second quarter).
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV