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Layoff fears fall to five-year low, survey says

October 04 2013

Employee layoff fears fell to their lowest level in five years, according to the Glassdoor Q3 2013 employment confidence survey released today. The survey found that 15 percent of employees feel less concerned about being laid off in the next six months, the lowest level since the fourth quarter of 2008.

However, the number of employees reporting their employer initiated large-scale hiring fell to 18 percent, the lowest level since the second quarter of 2011.

"This is the first quarter since the Great Recession where we are finally seeing signs of stabilization within the job market, and as a result, employees are feeling more secure in their current jobs than they have in several years," said Rusty Rueff, Glassdoor career and workplace expert. "The signal is clear for both companies and employees that we must remain calm, carry on, and stay focused on doing our best to help move the economy forward."

The online survey was conducted within the United States by Harris Interactive on behalf of Glassdoor. It included 2,044 adults in the U.S. and took place between Sept. 13 and Sept. 17.

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