Worker Confidence Weakens Amid Government Shutdown

  • jobs & the economy
  • February 10, 2014
  • Economy
  • Job Availability
  • Job Security

U.S. employees reported lower levels of confidence in the state of the economy and job market in October, with the Randstad U.S. Employee Confidence Index dipping 4.2 points to 51.5. The data, which was collected between October 8-10, reflects the attitudes and perceptions of employees during the government shutdown. 

The Randstad Employment Tracker was conducted online by Harris Interactive on behalf of Randstad and included 1,032 employed U.S. adults ages 18 and older.

 
Despite Shutdown & Debt Ceiling Fight, Workers Confident in Employers and Ability to Job Hunt

“Given the government shutdown and the fight over the debt ceiling, it comes as no surprise that employee confidence is being affected,” said Jim Link, Chief HR Officer, North America, at Randstad. “However, what we did find interesting was the increase in personal confidence, specifically in workers’ outlook on the future of their employer and in their ability to find new jobs. This may be explained by the fact that, in spite of the furlough of 400,000 government employees, the vast majority of workers did not experience a direct impact from the shutdown. 

Full Effect of Shutdown Still Uncertain
"With the jobs report likely being distorted over the next few months, it may take some time to regain a sense of normalcy. Many economists have noted other indices such as confidence levels, retail hiring, data on the housing market and consumer spending, will likely carry even greater weight to gauge the full effect of recent governmental activity,” Link added. 



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