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Source: HR News Watch from Houston Business Journal Unemployment may be easing, but employee confidence is still waning. Still, Roy Krause, chief executive of the Fort Lauderdale, Fla.-based staffing company, notes the index is higher than it was a year ago. Among the latest findings: •Forty-three percent of workers believe the economy is getting weaker, up from 40 percent in the June. •Sixteen percent of workers believe the economy is getting stronger, decreasing four percentage points from June. •Seventy-two percent of workers surveyed believe there are fewer jobs available, showing no change from June. •Conversely, 6 percent of U.S. adult workers surveyed believe there are more jobs available, down one percentage point from the previous month. •Fewer workers are confident in their ability to find a new job. Specifically, 39 percent in July thought they could find another job, down from 42 percent in June. •Fifteen percent of workers say it is likely they will lose their jobs in the next year, down one percentage point from June’s reading. •Despite a drop in overall confidence, 34 percent of workers are likely to look for a new job in the next 12 months, down slightly from 35 percent in June. On Friday, the U.S. Labor Department said the U.S. jobless rate eased to 9.4 percent in July from 9.5 percent in June. The rate was 5.8 percent in July 2008. The nation’s total non-farm employment fell by 247,000 jobs last month. That’s the smallest decline since August 2008. Over the last three months, U.S. employment losses have averaged 331,000 per month. That compares with an average of 645,000 in the previous six months. As recently as July 15, the Federal Reserve said it expected the U.S. unemployment rate to top 10 percent sometime in 2009. The latest government figures suggest the United States may be approaching the bottom of its recession-fueled employment plunge. But they also show the climb to more typical employment levels will be a long one. U.S. employment has decreased by 6.7 million jobs since the recession began in December 2007, government statistics show, and an estimated 8.8 million Americans were working part-time in July. In particular, the construction and manufacturing sectors continue to show serious job declines. However, those decreases are smaller than they were a few months ago.
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