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Spherion survey finds worker confidence down

February 04 2008

Worker confidence fell for the sixth straight month in January, according to Spherion Corp.'s (NYSE: SFN) employee confidence index. The gauge dropped 3.4 points to 48.6 in January. Readings above 50 indicate a positive confidence level. The index is at its lowest level since the survey started in July 2004.

The index's survey found that 9% of workers believed the economy was getting stronger in January compared to 12% in December. The percentage of workers confident in their own ability to find a new job fell to 52% in January, down three percentage points from December.

"Clearly, the confidence of the U.S. workforce has been shaken by the recent evidence of an economic slowdown and sluggish job growth over the past few months," said Spherion CEO Roy Krause.

The survey questioned 3,137 U.S. workers.

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