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Report: worker confidence at record low

Worker confidence in New York fell to a record low in March, a Harris Interactive Inc. report for Spherion Corp. shows.
The Employee Confidence Index in the New York Employment Report fell to 39.4 last month from 50.2 in February and 55.6 a year ago.
A mere 2 percent of workers statewide said the economy was strengthening in March, down from 7 percent in February. Sixteen percent reported no change in the economy, compared with 27 percent in February. Some 81 percent of workers reported a weakening economy, up from 67 percent in February.
Job availability fell in March, with 6 percent of workers reporting more jobs, compared with 9 percent in February. Some 27 percent reported no change in job availability, down from 44 percent in February. Sixty-seven percent of respondents reported fewer jobs last month, up from 47 percent in February.
Some 59 percent of workers statewide expressed confidence in the future of their current employer, down from 68 percent in February. Nineteen percent said they were not confident in the future of their employer, compared with 11 percent in February.
One-tenth of New York workers said it was likely they would lose their job last month, down from 16 percent in February. Some 82 percent said it was unlikely they would lose their job, up from 76 percent the previous month.
“The instability of the nation’s economy appears to be greatly impacting New York workers’ overall confidence levels,” said Linda Perneau, vice president of Spherion staffing services, in a statement.
Perneau added that while March’s employee confidence index was the lowest the organization has ever reported, there are pockets of the labor market which are seeing job creation, particularly in the insurance, technology, finance and administrative sectors.
Spherion’s monthly employment report is based on data collected online from nearly 300 workers in New York. The report measures job security, job transition and employee confidence.

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