Human resources professionals expect relatively few job cuts in the second half of this year, but they are less confident in the job market than a year ago, according to a survey of 502 HR professionals in the US by the Society for Human Resource Management. Only 7% of HR professionals expect job cuts at their organizations in the second half, unchanged from the second half of last year.

Still, they were less confident in the job market for the second half.  

“While 58% of respondents had some level of confidence in the US job market, this is down from last year,” said Jen Schramm, SHRM’s manager of workforce trends. “However, most say that their organizations’ finances are in good shape and few are expecting job cuts in their organizations as we round out 2016.”

In the second half of last year, 69% of HR professionals reported some level of confidence in the job market.