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Worker confidence up in February

Posted on March 13th, 2013 Read time: 1 minutes

Worker confidence was up last month, according to the Randstad Employee Confidence Index, which rose 1.4 points in February.

The index measures more than 1,000 workers' perceptions of the economy's standing and employment conditions. Last month, 30 percent of survey respondents said they believe the economy was picking up steam and nearly one quarter reported believing more jobs were available.

"Concerns over the impending fiscal cliff appear to have dissipated a bit," said Jim Link, Randstad US managing director. "In fact, more workers believe the number of jobs available have increased – which is a great sign that overall sentiment on economic conditions is improving."

While confidence is up, rising gas prices and payroll taxes could take a toll on moral in March, Link said.

In February, 56 percent of workers surveyed said they're confident in the future health of their employer, down from 61 percent in January.

In addition, 37 percent said they plan to look for a new job over the next 12 months, up from 33 percent in January.

Meanwhile, the Conference Board stated the recent job figures for February suggest the private sector is on a path of steady growth.

Employers looking to expand their workforce should consider the benefits of working with an HR administration and payroll service provider.

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