Workers optimistic for present employer give signs of economicimprovement

PRN - GHN News Editor - The
SFN Group Employee Confidence Index increased 1.4 points to 50.1 in
October. The index shows that people believe their own jobs will
continue to be there for them, but still think the economy overall is in
trouble.

Nearly three-fourths (71 percent) of workers report that they are unlikely to lose their jobs in the next 12 months.

In
spite of these numbers,  however,
40 percent of workers think the economy is getting weaker and 60
percent believe there are fewer jobs available.

The facts are there has been positive economic growth, despite the high unemployment.

"Our
Employee Confidence Index increased to 50.1 this month — marking the
first time it has reached over 50 points in more than four months," said
William Grubbs, executive vice president
and COO of SFN Group, Inc. "This month's index paints a picture that
many U.S. workers are becoming increasingly more personally confident,
but remain lukewarm when it comes to the health of national economy.

“Much
of the uncertainty for U.S. workers could be attributed to their
exposure to some of the declining economic indicators, including the
high unemployment level seen over the last year and a half. However, a
very different picture appears when considering predictive indicators,
such as the temporary help services sector, consistently delivering
monthly sequential increases over the last year and up 23.1 percent
year-over-year — adding more than 451,000 jobs in the last 13 months. In
fact, within our own business we are seeing growth in areas such as
recruitment process outsourcing, as well as finance and accounting, IT
and clerical staffing. This is an indication that the recovery is

becoming more and more broad-based.”