Workers feeling positive as the economy adds 195,000 jobs in June Jobs Report
The job market’s upward trend continues in June with some of the highest employee confidence levels since the recession.
Although the market recoiled slightly from May’s surging numbers, the addition of 195,000 jobs in Jobs Report June 2013 and a recovering housing market gave way to increased employee confidence levels. The Randstad Employee Confidence Index reached 56.8, increasing 2 points from May.
This number mirrors the increase in the June Consumer Confidence report which saw some of its most promising signs in 5 years. With some of the highest numbers since before the recession, the survey reported 26% of employees believe there are more jobs available, up from 20% in Q1.
In addition to strengthened faith in the job market, 34% of employees said the overall economy is getting stronger, an increase in 4% from Q1.
72% of workers reported it is unlikely they will lose their current job and along with an increased sense of security comes an uptick in workers’ desire to look for a new job. Workers who may have put job seeking on hold during the recession are now open to new opportunities with over 1/3 of employees likely to seek a new position in the next year.
This means employers will have to bolster retention programs to keep existing employees and attract newly-available talent to remain competitive.
This trend is especially strong in sectors like engineering which is quickly becoming a candidate’s market. Many job seekers have their choice of jobs and are receiving multiple offers. To compensate, employers are looking speed up recruiting and hiring processes to compete for top talent.
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