SOURCE: Spherion

September 14, 2006 19:10 ET

New Yorkers More Likely to See Cloudy Future for Employers; Spherion Index Shows Confidence Dipped in August

More New York Workers Believe the Strength of the Economy Is Getting Weaker; Fewer Workers Confident in Future of Current Employer; Nearly Four in 10 Workers Are Likely to Look for a New Job

NEW YORK, NY -- (MARKET WIRE) -- September 14, 2006 -- The New York Employee Confidence Index decreased 1.3 points to 51.9 in August, due primarily to workers' growing uncertainty about the strength of the economy and the future of their current employer, according to the Spherion® Employment Report, a monthly survey conducted by Harris Interactive® on behalf of Spherion Corporation.

Despite workers' concerns, nearly forty percent (38 percent) report that they are likely to look for a new job in the next year, versus 32 percent in July. More workers are also confident in their ability to find a new job in the next 12 months (57 percent).

"Although our survey shows a dip in confidence, I think it is accurate to say that more people are looking for new positions because they realize that there are more opportunities available," said John Gramer, New York regional managing director of Spherion Professional Services. "The job market is still strong, and the demand for people with technical or accounting and finance skills with business experience has risen. We are also seeing an increased demand for business analysts, help desk, developers, project managers, engineers and pharmaceutical positions."

Employee Confidence Index: The New York Employee Confidence Index was 51.9 in August, down 1.3 points from July. The Index, which is eight points lower than a year ago, measures adult workers' confidence in their personal employment situation and the macroeconomic environment. The Index decreased because fewer workers are confident in the future of their current employer and the economy.

August Employment Report Results

                                 New York Workers          U.S. Workers
                              ---------------------   ---------------------
                                             % Point                % Point
                                July  August Change    July  August Change
------------  ---------------- ------ ------ ------   ------ ------ ------
              Getting stronger     14%    12%    -2%      23%    18%    -5%

Economy       Staying same         45%    39%    -6%      33%    36%    +3%

              Getting weaker       41%    49%    +8%      44%    47%    +3%
------------  ---------------- ------ ------ ------   ------ ------ ------
              More jobs            17%    16%    -1%      25%    24%    -1%
Job
Availability  Same amount          38%    44%    +6%      36%    34%    -2%

              Fewer jobs           44%    40%    -4%      38%    42%    +4%
------------  ---------------- ------ ------ ------   ------ ------ ------
              Confident            52%    57%    +5%      57%    57%     0%
Ability to
Find New      Neutral              31%    28%    -3%      28%    30%    +2%
Job
              Not Confident        17%    15%    -2%      15%    14%    -1%
------------  ---------------- ------ ------ ------   ------ ------ ------
              Confident            59%    51%    -8%      65%    63%    -2%
Future of
Current       Neutral              26%    32%    +6%      24%    25%    +1%
Employer
              Not Confident        16%    17%    +1%      12%    13%    +1%
------------  ---------------- ------ ------ ------   ------ ------ ------
              Likely                9%    13%    +4%      12%    11%    -1%
Likelihood
to Lose Job   Neutral              10%     7%    -3%       9%    10%    +1%

              Not Likely           81%    80%    -1%      79%    79%     0%
------------  ---------------- ------ ------ ------   ------ ------ ------
              Likely               32%    38%    +6%      35%    35%     0%
Likelihood to
Look for New  Neutral              12%    13%    +1%      10%    11%    +1%
Job
              Not Likely           56%    49%    -7%      55%    54%    -1%
              ---------------- ------ ------ ------   ------ ------ ------

About the Spherion Employment Report

As part of the Spherion® Emerging Workforce® Series of employment surveys, the monthly Spherion Employment Report provides a snapshot of the latest workforce trends across the country and is issued in conjunction with state and national labor market releases. Three key indices are measured: the Spherion Job Security Index, which captures how likely respondents think it is that they will lose their job or that their job will be eliminated in the next 12 months; the Spherion Job Transition Index, which captures how likely respondents are to look for a new job in the next 12 months; and the Employee Confidence Index, which measures employees' overall confidence in the economy, the future of their employer, the availability of jobs, and their ability to find other employment. The Employee Confidence Index is based on these four components, with a 'score' calculated for each by taking the difference of the percentage of positive responses and the percentage of negative responses. These four scores are then averaged to indicate an overall level of employee confidence scaled from 0 (no confidence) to 100 (complete confidence). A reading above 50 indicates a positive confidence level.

Methodology

The August 2006 Spherion Employment Report is based on data from the Harris Interactive® QuickQuery(SM) online omnibus conducted monthly on behalf of Spherion Corporation. A U.S. sample of 3,188 employed adults, aged 18 years and older, of whom 260 are employed in New York (for July 2006 n=184), was interviewed in a series of two polls conducted between August 8-10 and August 15-17, 2006. Figures for age, sex, race/ethnicity, income, education and region were weighted where necessary to bring them in line with their actual proportions in the population. Propensity score weighting adjusted for respondents' propensity to be online.

With pure probability samples, with 100 percent response rates, it is possible to calculate the probability that the sampling error (but not other sources of error) is not greater than some number. With a pure probability sample of 3,188 U.S. employed adults one could say with a 95 percent probability that the overall results have a sampling error of +/- two percentage points, and the sampling error for the New York state sample results is plus or minus six percentage points. However, that does not take other sources of error into account. This online survey is not based on a probability sample and therefore no theoretical sampling error can be calculated.

About Spherion

Spherion Corporation is a leading recruiting and staffing company that provides integrated solutions to meet the evolving needs of companies and job candidates. As an industry pioneer for 60 years, Spherion® has screened and placed millions of individuals in temporary, temp-to-hire and full-time jobs. Positions range from administrative and light industrial to a host of professions that include accounting/finance, information technology, engineering, manufacturing, legal, human resources and sales/marketing.

With approximately 650 offices in the United States and Canada, Spherion delivers innovative workforce solutions that improve business performance. Spherion provides its services to more than 8,000 customers, from Fortune 500 companies to a wide range of small and mid-size organizations. Employing 375,000 people annually through its network, Spherion is one of North America's largest employers. To learn more, visit www.spherion.com. For up-to-date career tips and trends, visit Spherion's career blog, The Big Time™, at www.spherion.com/careerblog.

About Harris Interactive

Harris Interactive is the 12th largest and fastest-growing market research firm in the world. The company provides research-driven insights and strategic advice to help its clients make more confident decisions which lead to measurable and enduring improvements in performance. Harris Interactive is widely known for The Harris Poll, one of the longest running, independent opinion polls and for pioneering online market research methods. The company has built what could conceivably be the world's largest panel of survey respondents, the Harris Poll Online. Harris Interactive serves clients worldwide through its United States, Europe and Asia offices, its wholly-owned subsidiary Novatris in France and through a global network of independent market research firms. The service bureau, HISB, provides its market research industry clients with mixed-mode data collection, panel development services as well as syndicated and tracking research consultation. More information about Harris Interactive may be obtained at www.harrisinteractive.com.

To become a member of the Harris Poll Online, visit http://go.hpolsurveys.com/PR.

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