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The Mergis Group’s accounting and finance employee confidence index dropped four points to a reading of 52.1 in the first quarter of 2011. Although workers gained confidence in the strength of the economy, they felt fewer jobs were available, according to the index's survey.
Fifty-five percent of accounting and finance workers believe there are fewer jobs available, a four percentage-point drop from the previous quarter’s survey. However, 29 percent of accounting and finance workers are confident in the strength of the economy, up four percentage points from the fourth quarter of 2010.
Fewer workers believe it is not likely they will lose their jobs. Specifically, 69 percent believe so versus 78 percent last quarter. Thirty-six percent of the respondents are likely to make a job transition in the next 12 months, an eight percentage-point drop from the previous quarter.
“The financial landscape and job market remain relatively stable, despite the drop seen in this quarter’s accounting and finance confidence index,” said Brendan Courtney, president of The Mergis Group.
The survey was part of a broader survey conducted online within the United States by Harris Interactive. Of the 3,654 adults queried, 156 are employed in accounting and finance.
The Mergis Group is a division of SFN Group Inc. (NYSE: SFN).