Confidence in Overall Situation:
The SFN Group Employee Confidence Index dropped 1.0 points to 51.6 in June. The Index, which measures workers' confidence in their personal employment situation and optimism in the economic environment, decreased as a result of more workers being concerned with the strength of the economy.
Confidence in Macroeconomic Environment:
- Twenty-four percent of U.S. workers believe the economy is getting stronger, down five percentage points from May.
- Fifty-seven percent of workers surveyed believe there are fewer jobs available, decreasing two percentage points from the previous month.
Confidence in Personal Employment Situation:
- Forty-two percent of workers are confident in their ability to find a new job compared to 43 percent in May.
- The percentage of workers reporting confidence in the future of their current employers increased by two percentage points to 65 percent.
- Sixty-nine percent of workers say they are unlikely to lose their jobs in the next year, decreasing two percentage points from the previous month.
- Thirty-five percent of workers are likely to look for a new job in the next 12 months, showing no change from May's reading.
Confidence by Gender:
- Twenty-seven percent of males believe the economy is getting stronger compared to 22 percent of females.
- When asked if they are confident in their ability to find a new job, more males reported optimism, with 47 percent reporting confidence (versus 37 percent of females).
- Less females than males reported that they are likely to look for a new job in the next year (33 percent of females versus 37 percent of males).
Confidence by Age:
- According to the latest results, 28 percent of workers ages 55+ believe that the economy is getting stronger, the highest among all age brackets.
- Workers ages 35-44 are the most confident in the future of their current employer, with 71 percent of workers in this age group indicating so.
- Forty-eight percent of workers between the ages of 18-34 are likely to look for a new job in the next year. This is the highest among all age brackets.
Confidence by Income:
- Workers earning $75K or greater are the most confident in the strength of the economy, with 29 percent indicating so compared to 20 percent of those earning less than $35K.
- Forty-three percent of workers earning less than $35K are likely to look for a new job in the next year. This is the highest reading across all income cohorts.