CALIFORNIA BUSINESS MINUTE
CA Confidence
11-02-09
Hi, I am Tim Johnson and welcome to the California Business Minute.
The California Employee Confidence Index dipped 2.2 points to 45.9 in September,
according to the latest monthly survey of California workers, conducted by Harris
Interactive® on behalf of Spherion Corporation.
The latest results reveal that workers feel less confident in the future of their
current employer and in the security of their jobs. Despite this slight drop in
worker confidence, signs of heightened economic optimism were also reported.
Results from the California Employment Report:
• Fewer workers believe the economy is getting weaker. Specifically, 34 percent
versus 42 percent in August
• More than half (54 percent) of workers are confident in the future of their
current employer, a decrease of eight percentage points from the previous
month
• In September, fewer workers (60 percent) indicated that they believe it is
not likely they will lose their job in the next 12 months, dropping seven
percentage points from August
"The hiccup in this month's California Employee Confidence Index can be attributed
to a dip in confidence among workers' personal employment situations," explained
Brian Veverka, senior branch manager for Spherion. "We were quite surprised to see
that workers were feeling less secure in the future of their current employers, yet
more confident in the health of the overall economy. It is likely that workers are
feeling uncertain amid recent economic reports in comparison to what their workplace
realities may be. Although we continue to see job loss reported each month, the pace
at which it is occurring has slowed a bit. Until we see more definitive evidence of
job creation, it is likely we will continue to see fluctuating confidence levels
among employees."
I am Tim Johnson and this has been the California Business Minute.
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