Since the Third Quarter of 2014, HRO Today magazine together with Yoh Recruitment Process Outsourcing has been producing an index to measure U.S. employment security from the perspective of employees.
There are multiple indices that look at attitudes about the economy, such as the Consumer Confidence Index, Gallupâs Economic Confidence Index, BLS Job Openings and Labor Turnover Survey (JOLTS) or United States Consumer Sentiment. However, these measures focus more on macro metrics, with much less emphasis on attitudinal measures of those employed.
The focus of the Worker Confidence IndexTM is measuring perceived employment security. According to the U.S. Bureau of Economic Analysis (BEA), more than 70 percent of what the U.S. produces is for personal consumption. Since the perception of job security greatly impacts purchasing behavior, there is a need to focus on individuals attitudes about their job outlook.
This annual report reveals that the index is on the move again, down 6.3 points overall for 2015.Â Click below to download the exclusive full report with additional findings.