Employee confidence fell by 1.2 points in April following consistent growth over the past three months, according to the latest Randstad U.S. Employee Confidence Index.
Only 27 percent of respondents believe the economy is getting stronger, which is down 5 percent from last month. Researchers say this indicates that respondents are cautious about today’s economic environment, but they do not expect this to be a lasting trend.
"Despite a slight dip in our overall index, we do not anticipate this being the start of a potential cooling of worker confidence," says Joanie Ruge, senior vice president and chief employment analyst for Randstad US Holding. "In fact, from a historical standpoint, U.S. worker confidence in April is higher than this time in both 2011 and 2010, and personal confidence is up for the fourth consecutive month. One thing to keep in mind is that the recession was very deep. Jobs are being created — albeit slower than most would like — we are still seeing moderate job growth. Additionally, we are seeing gains in the U.S. housing industry, gas prices start to decline, and retail sales picked up in March — all which will hopefully contribute to increased employee confidence in months to come."
The study also shows that 49 percent of respondents report there being fewer jobs available, marking a decline of 2 percent from March. Still, 46 percent of respondents say they are confident in their abilities to find a new job, suggesting optimism remains strong.
Another 72 percent of respondents do not believe it is likely they will lose their jobs in the next year. Among the respondents, 54 percent of respondents say they are unlikely to look for a new job in the next year.