Workers more confident in U.S. job market, survey shows

06.18.2013


Workers more confident in U.S. job market, survey shows
Workers more confident in U.S. jobs market, survey shows

Although the term "normal" may have been skewed by the harsh effects of the Great Recession, this is the description many analysts are using to describe overall confidence in the job market, which could lead to a strong cycle of economic improvement and hiring. 

The Associated Press reports the latest General Social Survey found that in 2012, many Americans felt that if it was absolutely necessary to find a new job, they would be able to do so. It was also encouraging that workers' fears of being let go fell from its peak hit in 2010, settling among the average reading - save for recession times - for the last 35 years. 

The survey also noted that the number of Americans who believe that it would be somewhat or very easy to find a new job after losing theirs increased to 54 percent - up from the 46 percent who said the same in 2010. The last time Americans were as pessimistic about the jobs market as they were in 2010 was in 1983 - another post-recession period. 

Typically, roughly 58 percent of respondents say they could likely find a job if they were let go. 

Job security rising
In somewhat of a domino effect, as the number of firings has fallen, the fear of losing a job has also tapered off. In 2012, the survey found 11 percent of adults said there was a strong chance they could be let go, down from 2010 when 16 percent of respondents said the same. The historical average for this reading is also about 11 percent.

According to the news source, the improved job security conditions are in line with federal data and trends. In January, the number of people who were fired dropped to a 12-year low, all while fewer people applied for jobless claims. All this could lead to economic growth, and in turn, more hiring.

According to the Deseret News, another recent survey found that while this renewed confidence is certainly there, some workers are not acting on it, nor taking the necessary steps to find new jobs. The Harris Interactive Poll Jobs and Benefits Security Index found workers are still hesitant to make a transition to another job. With more job seekers eager to switch but unsure where to start, many may find it helpful to consult with a staffing company, which can offer expert advice when it comes to changing careers. 

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