Employees Wary of Economy, Job Market

  • jobs & the economy
  • December 07, 2012
  • job market
  • economy
  • confidence

Despite the better than anticipated U.S. job numbers reported in November, the Randstad Employee Confidence Index slipped 2.6 points in November amid gloomy economic headlines surrounding potential tax increases and the looming fiscal cliff. The Index decreased last month to 51.7, breaking a previous two-month climb in confidence. Workers revealed uncertainty about the strength of the economy and the availability of jobs.

  • 41 percent of employees indicated the economy is getting weaker, compared to 34 percent last month
  • 52 percent of workers believe fewer jobs are available, an increase of six percentage points over last month

New Year, New Job Prospects?

Despite their uncertainty surrounding the economy, workers are optimistic regarding their personal job outlook, with nearly half (43 percent) stating they are confident in their personal ability to find a new job. Also, more than a third (36 percent) said they are likely to look for new positions within the next year.

These findings echo positive economic signs that have recently emerged, including a recovering housing market, growing consumer confidence and solid retail holiday sales.

Job Security, Employer Confidence Remains Strong

Workers are also feeling secure in the workplace. Most employees, 59 percent, continue to feel confident in the future of their current employers and companies while 72 percent indicated it is unlikely they will lose their job in the next 12 months. “November was a month of ups and downs for the U.S. labor market, but for the most part, our Index has remained fairly high given the mixed economic headlines,” said Jim Link, managing director of human resources for Randstad US.