Employee Confidence Reaches Five-Month High in January

  • jobs & the economy, workforce insights
  • February 12, 2014
  • Economy
  • Job Security
  • Job Availability

According to the most recent Randstad U.S. Employee Confidence Index, the outlook among American workers continues to improve. The January Index, which measures sentiment around employers, job prospects and the economy at large, reached 56.7 points, a five-month high since August of 2013 when the Index reached 58.0. 

 
New Year, Renewed Confidence

“Worker confidence appears to be gaining momentum as we head into the New Year, which mirrors other U.S. confidence measures recently published,” said Jim Link, Chief HR Officer, Randstad North America. “This consistent rise seen in our Index may be attributed to several macroeconomic factors, including a decrease in the unemployment rate, as well as gains in the stock and housing market. In fact, almost one-third of American workers are positive about our economic outlook, a significant uptick from the 20 percent reading during the October government shutdown.”

Job Outlook Bright In Several Industries 

Jim Link added: “Among the discussions at the 2014 World Economic Forum was the prediction that U.S. economic growth could accelerate to 2.8 percent in 2014 from 1.9 percent in 2013. Industries such as energy, healthcare, technology and manufacturing are expected to post solid increases in job opportunities, and thus are helping to drive economic growth. This is a great sign, along with the readings from our survey, that this upcoming year will be fruitful for American workers.”

 

Get the latest information on insights and trends shaping the world of work. Sign up here!