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Spherion index: Worker confidence edges down

July 06, 2009

Spherion Corp.'s (NYSE: SFN) employee confidence index edged down in June as more workers said they believed the economy is getting weaker and fewer jobs are available even as more workers also said they are confident in the future of their employers.

The index level was 48.0 in June, down 0.3 points from May.

Forty percent of workers said the economy is getting weaker, compared to 38% in the previous month, according to the survey for the index. In addition, 72% said fewer jobs were available in June, up one percentage point from the previous month.

However, 66% of workers reported confidence in the future of their employers, up from 63% in May.

The index's survey questioned 2,771 employed adults.