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Spherion employee confidence index unchanged

October 03 2008

Spherion Corp. (NYSE: SFN) said its employee confidence index was virtually unchanged in September, slipping only 0.3 points to 47.3 in September.

U.S. workers' confidence in the future of their current employer fell two percentage points to 63% in September, according to the index's survey. However, 76% of workers still believe it is unlikely they will lose their jobs in the next 12 months.

"While this month's index does not reflect the full impact of the crisis on Wall Street, it is encouraging to note that in the early days of the financial turmoil, workers were generally confident about their personal job security," said Roy Krause, president and CEO of Spherion. "As we look ahead, it is important to remember that while the effects of the current financial situation will be far-reaching, sectors such as healthcare, education, legal services, energy and government are holding up fairly well."

The index's survey questioned 2,624 employed adults.

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