In January, employee confidence fell by 3.3 points to 52.1, suggesting workers are uncertain about the job market and economy, according to the Randstad Employee Confidence Index.
The research also shows that 26 percent of respondents say the economy is strengthening, a decline of 5 percentage points from December.
"Our recent findings show U.S. workers are somewhat more concerned as we head into the new year," says Jim Link, managing director of Randstad US. "Many economists and other widely cited confidence indices, such as the Conference Board's Consumer Confidence Index, point to the increase in payroll taxes having an effect on workers' sentiment. It is possible this tax hike could dampen consumer confidence for the near future, and our findings are clearly showing an impact on January's numbers already."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
