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Engineering Workers’ Confidence Bounces Back in the Fourth Quarter

  • job market
  • economy
  • confidence

Engineering workers are feeling more confident in the overall economy and their ability to find new jobs, marking the first increase in employee confidence levels in three quarters, according to a new survey conducted by Harris Interactive on behalf of Randstad Engineering.

While the quarterly Index of 196 engineering workers climbed 3.4 points to 57.8 in the fourth quarter of 2012, fewer engineering professionals believe more jobs are available this quarter.

Economic Outlook Strengthens While Job Confidence Falls
Although a growing number (34 percent) of engineering professionals believe the economy is getting stronger, the number of engineers who believe more jobs are available fell to 23 percent, representing a decline of four percentage points in the fourth quarter. However, nearly six-in-ten (59 percent) engineers feel confident in their ability to find a new job—an improvement from 53 percent in the previous quarter.

Industrial and Electrical/Hardware Sectors Fueling Growth
“Modest recoveries within industry sectors in which engineers play a pivotal role, including manufacturing, are helping to revitalize job growth for the profession and improving confidence levels among engineering workers,” said Richard Zambacca, president of Randstad Engineering. “Industrial engineers and electrical/hardware engineers have demonstrated steady growth in the past year. Additionally, the trade group Institute of Electrical and Electronics Engineers indicates that one of the fastest growing areas will be in the service industry, such as consulting firms that provide engineering expertise.”  

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