Employee confidence levels remains high in U.S.Staff writer ▼ | January 29, 2016
More than one-third of workers (34%) believe more jobs are available and nearly 55% indicate they are confident in their ability to find a new job.
Randstad US US Employee Confidence Index
The Randstad US ECI, calculated from the results of an online survey among over 2,000 adults and conducted by Harris Poll, measures employed workers' perceptions regarding the overall strength of the economy, availability of jobs and personal employment prospects.
While the U.S. ECI dipped slightly from 61.8 in Q3'15 to 61.6 in Q4'15, overall confidence levels remained near record high since the survey's inception in 2004.
The Bureau of Labor Statistics' October 2015 employment report kicked off the fourth quarter by delivering one of the strongest overall jobs reports in many months. Businesses hired new workers at the fastest pace of the year, adding 307,000 new jobs in October.
Long-awaited improvement came for workers' pay as it rose at the fastest year-over-year pace since the U.S. emerged from the recession in mid-2009. November and December saw more of the same momentum, adding 252,000 and 292,000 new jobs, respectively.
Beyond the strong hiring activity and the lowest unemployment rate in more than seven years, there are other signs the labor market is beginning to tighten.
Long-term unemployment declined by two-thirds as of November since hitting its peak in 2010. Also, at the end of November, 7.9 million Americans were unemployed, down 1.1 million year-over-year.
However, economists say many companies are finding it more difficult to fill positions, and government data shows that job openings are taking longer to fill. ■