Although U.S. worker confidence slightly fell in May by 1.1 points, it remains above a positive level at 53.2, according to the latest Randstad U.S. Employee Confidence Index.
"Despite the slight decrease seen in our latest report, we shouldn't disregard the fact that our Index is still indicative of positive confidence levels," says Joanie Ruge, senior vice president and chief employment analyst for Randstad Holding. "Clearly, what we are seeing in our survey as well as in other broader economic indicators is caution being exercised from both an employee and employer perspective. Although this is to be expected given the depth of the recession, the slower pace in U.S. job creation seen over the last few months and headlines around the European financial crisis, it is important not to lose sight of the fact that the economy is still improving.