American confidence in economic improvement increases

Despite continued worries about the state of the economy, U.S. worker confidence is up. U.S. workers are expressing a more positive attitude about their employers, the economy and their ability to find a new job, according to a new study from Randstad, a human resources service. This trend could signal to firms that it is a good time to use staffing agencies to find new recruits. 

Employee confidence is reaching pre-recession levels. Randstad's measure of outlook on macroeconomic conditions – which is in indication of perception of economic strength and job availability – reached a post-recession level of 46.8 points, more than double the score of April 2008, which was 20.9. The Employee Confidence Index, which monitors U.S. worker perspective on jobs and the economy each month, was 57 points, which is the highest score since August 2007. 

"We are continuing to see a renewed sense of optimism across the U.S. workforce," said Jim Link, managing director at Randstad U.S. "The data reveals employees are feeling an increased sense of security about their own jobs, and the economy as a whole, despite relative global economy uncertainty."

According to Bloomberg, applications for unemployment benefits have decreased recently, another positive sign that the economy is heading in the right direction. Bloomberg's measure of consumer confidence  was also at its highest level in five years last week. U.S. workers are feeling more confident about their financial situations, which reflects the overall belief the economy is getting stronger and employment prospects are improving. 

Employee confidence could be positive for hiring managers
Nearly one-third of employees surveyed by Randstad expressed a positive outlook for economic growth and recovery. Forty-four percent said they believed they would not experience much difficulty if they began looking for a new job. 

If unemployment claims are decreasing, employer confidence is likely up, and companies may be looking to to add to their staffs. 

"We have a labor market recovery that's ongoing," Guy Berger, an economist at RBS Securities Inc. told Bloomberg. "The labor market has its ups and downs, but the direction shows things are getting better. Companies are willing to increase their head counts but at a very slow pace."

Economists predict the positive trend will continue. With the economy steadily getting stronger, firms may be interested in bringing in new staff members. Organizations looking for qualified new hires can seek the services of employment agencies to be matched with top talent. 

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