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.

"In fact, the unemployment rate for college degreed workers stands at only 4 percent. As the economic recovery remains choppy, we are seeing more companies rely upon contingent labor to help maintain work force variability and hire hard-to-find talent for high demand positions. This means that for many job seekers, including new college graduates, pursuing contingent or flexible-work assignments may mean getting a foot in the door to employment and even long-term, permanent employment."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.