Workers Lose Faith in Florida Jobs
According to the most recent data from the Bureau of Labor Statistics, Florida’s unemployment rate continued to rise in June. During the month the state’s jobless rate increased 0.3 percent, going from 10.3 percent in May to 10.6 percent. In June of 2008 only 6 percent of Floridians could not find jobs. The state’s unemployment rate has been consistently rising since May of 2007.
This may have something to do with why Floridians are losing confidence in their state’s job situation. According to a recent press release put out by Spherion, the Florida Employee Confidence fell 6.5 points during the month of June. Currently it stands at 37.8.
Every month this survey is conducted by Harris Interactive on behalf of Spherion Corporation in order to discover how workers in the state feel about the job market. This month it found that fewer people are feeling optimistic about job security due to a growing believe that the economy is continuing to weaken. On top of this, the percentage of people confident that they could find a new job has also dropped. In spite of this, a growing number of Floridians reported that they expect to look for a new place of employment with in the next year.
According to the report, 61 percent of respondents believe that the economy is steadily weakening. This is an increase of 18 percent since the previous month. Of those who participated in the survey, 41 percent reported that they are not confident in their ability to find a new job if necessary, which a 12 percent increase from May. The percentage of people who said that they will likely look for work in the next 12 months rose from 34 percent in May to 42 percent last month.
“After three consecutive months of increases, our Florida Employee Confidence Index dropped as concerns over the economy and their personal employment situation rose,” said Paula Franco, branch manager for Spherion Staffing Services in Florida, according to the recent press release. “Although we would have liked to see this trend continue, the decrease is not surprising given recent conflicting economic reports. As companies continuing to navigate cautiously through the current economic landscape, we are still seeing apprehension about adding staff. However, our Report indicates that a growing number of workers are likely to job search in the next 12 months. With over forty percent of workers in the process of mapping out their next career move, retention efforts should not be pushed aside.”
Many experts believe that the economy should begin to recover between the last quarter of 2009 and the beginning of 2010. Despite this, some reports say that Florida’s economic situation will take some time to catch up. This is due to the fact that many area of the state have been injured by the housing market slump. Because of this it may be months before Spherion’s Florida Employee Confidence begins to increase.
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