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Spherion report finds worker confidence down

December 10 2007
Worker confidence fell in November, according to Spherion Corp.'s (NYSE: SFN) employee confidence index. The gauge dropped 3.5 points in November to 52.9

The number of employees who felt confident in the future of their employer slipped to 61% in November, down four percentage points from October, according to the index's survey. And 32% said they would seek new jobs in the next year, down two percentage points from October.

"It appears that the volatile stock market, credit situation, housing slowdown, and continued anxiety over fuel prices may be fueling apprehension among workers," said President and CEO Roy Krause. "Though this month's index decreased, data aggregated from specific survey questions indicate a clear majority of workers remain optimistic and confident about their own job security and the future of their current employer."

The index's survey questioned 3,014 working adults.

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