Manufacturing workers’ confidence in the strength of the economy, their ability to find new jobs and the future of their current employers rose to their highest levels in five years during the third quarter of 2012 according to the Randstad Manufacturing Employee Confidence Index.
Jobs are scarce, but economy is getting stronger
Although about half (55 percent) of manufacturing workers believe there are fewer job opportunities available, a growing number of employees (22 percent) believe the economy is getting stronger, compared to 14 percent in the second quarter.
Workers Feeling Good About Ability to Find Jobs
Nearly half (48 percent) of manufacturing workers said they are confident in their ability to find a job, a 13 percent increase from the previous quarter. About a third (31 percent) were not confident in their ability to find jobs, showing no movement from the previous quarter.
Job Search on the Horizon for More Workers
Workers who are likely to job search within the next 12 months shot up 12 percentage points from the previous quarter, from 27 to 39 percent. Meanwhile, the amount of workers not likely to job search dropped from 57 to 55 percent compared to second quarter readings.
“We remain encouraged to see the rise in worker confidence despite the tepid pace of job creation,” said Phyllis Finley, executive vice president at Randstad US.