California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

Although job losses continue to mount across the state, the California Employee
Confidence Index rose 5.5 points to 43.2 in January, according to the latest Spherion
Employment Report. The monthly survey of California workers, conducted by Harris
Interactive on behalf of Spherion Corporation, indicates that more workers believe that
it is unlikely they will lose their jobs and more workers have confidence in their ability
to find a new job.

Results from the California Employment Report:
•Sixty-eight percent of workers believe that the economy is getting weaker,
 down nine percentage points from December
•Three-fourths (75 percent) of workers believe that they are unlikely to lose
  their jobs, representing an increase of five percentage points from the previous
  month
•Seventy percent of workers expressed confidence in the future of their current
 employers, representing no change from December
•Nearly half (46 percent) of workers are confident in their ability to find a new job,
 an increase of 13 percentage points from the previous month

I am Tim Johnson and this has been the California Business Minute.