California Business Minute™

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

The California Employee Confidence Index slipped 4.2 points to 41.9 in July,
according to the latest Spherion ((R)) Employment Report. This is the second
consecutive month for a slippage after recent steady reporting

The monthly survey of California workers, conducted by Harris Interactive ((R))
on behalf of Spherion Corporation, uncovers that more than half of California
workers are likely to look for a new job in the next year, although only one-third
are confident in their ability to find a new job.

Results from the California Employment Report:
• Fewer workers reported that they are confident in their ability to find 
  a new job. Specifically 33 percent versus 43 percent in June.
• More than half (52 percent) of workers believe it is likely they will 
   look for a new job in the next 12 months, an increase of 11 percentage 
   points from the previous month.
• Forty-eight percent of California workers are confident in the future 
  of their current employer compared to 62 percent in June.

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