According to the Randstad Employee Confidence Index, worker confidence grew by 3.8 points in September after three consecutive months of decline.
"We are encouraged to see worker confidence begin to bounce back after a few months of decline recently," says Joanie Ruge, senior vice president and chief employment analyst of Randstad Holding U.S. "Although tempered hiring volumes this summer overall remain concerning, we are pleased to see that hiring was better than anticipated in September. In fact, we see a few bright spots within the economy as well as in our own business. For example, the Institute for Supply Management manufacturing index ticked up a bit in September, surpassing economist's expectations.
"In addition, within our own business, we have more than 1,000 health care positions available, over 2,500 openings within the technology sector, 1,600 available administrative jobs, nearly 1,500 manufacturing and logistics open positions, and over 1,500 opportunities for engineering workers. Although the economic recovery won't happen overnight, it is important to note that it's still growing."
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The survey also finds that 53 percent of respondents say the economy has weakened, a 10 percent decline from August, and another 63 percent of respondents say fewer jobs are available in September, compared to 67 percent in August.
Regarding the future of their current employers, six out of 10 respondents feel confident, which is 6 percent increase from the earlier month, and 35 percent of respondents are confident they can find new jobs. This figure is unchanged from August.
Of the respondents, 69 percent say it is unlikely they would become unemployed over the next 12 months, a 3 percent gain from the previous month, while 32 percent of respondents say they are likely to look for a new position in the next 12 months, down 3 percent from August.
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