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Employees less confident about the economy
By Angela Hawke on Jul 7th, 2010
How sure people are in the economy could affect their perceived position in the job market, and a recent survey showed a slight decline in confidence.
According to SFN Group Inc., employee confidence dropped a point to 51.6 in June. The decline was tied to a number of factors, according to Roy Krause, president and CEO of the company.
"Workers are a bit more apprehensive about the state of economy given the market's reaction to the latest job reports, the Gulf Coast oil spill, as well as the European debt crisis," Krause said.
However, there have been signs of improvement in the last year. Krause noted that the number of temp jobs available has increased, meaning further employment gains could be witnessed.
The survey from the group showed that 57 percent of workers felt there were fewer jobs available, which is a drop of two percentage points when compared to May.
Still, fears about the unemployment picture may persist, as many of the gains made recently were due to temporary work made available by the U.S. government. And, as more people find themselves out of work, the chance they have to rely on credit card debt to get by may increase.
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