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Employment Index Falls to Record Low for Fourth Straight Month
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The Rasmussen Employment Index, a monthly measure of U.S. worker confidence in the employment market, fell six more points in January to 61.1. That’s the fourth straight month that the Index has fallen to a record low. Since September, workplace confidence has fallen 27 points.

Typically, a decline in the Employment Index suggests that the government report on job creation will be weaker than the month before (see history). Consumer confidence is also hovering around record lows.

Just 13% of workers report that their companies are hiring while 27% report lay-offs are coming at their workplace. That’s a dramatic change over the past year. In January 2008, 23% of workers said their firms were hiring and just 16% reported lay-offs.

The current totals represent the fourth straight month that the number reporting layoffs is higher than the number whose firms are hiring. Prior to the past four months, it had happened only once before.

(Want a free daily e-mail update? Sign up now. If it's in the news, it's in our polls).

As the nation’s economic woes mount, one-fourth of all American workers (26%) are worried about losing their job in the near future.

Thirty-nine percent (39%) of U.S. workers now say their personal finances are good or excellent. That’s unchanged from last month and down four since September. A year ago, 43% were that upbeat.

Twenty-two percent (22%) of workers now say their personal finances are getting better while 50% say their finances are getting worse. A year ago, those figures were 32% better and 43% worse.

Other data released last week showed that 61% of workers say that when they change jobs it will be their choice. That’s down from 80% a few years ago.

The Rasmussen Employment Index is based upon telephone interviews with approximately 9,000 employees each month. Results are released on the Tuesday preceding the government report on employment.

Other recent data, including the Discover Small Business Watch, the Discover Consumer Spending Monitor and the Rasmussen Consumer Index have shown similar trends.

See the Rasmussen Employment Index summary from December 2008.

Rasmussen Reports is an electronic publishing firm specializing in the collection, publication, and distribution of public opinion polling information.

The Rasmussen Reports Election Edge™ Premium Service offers the most comprehensive public opinion coverage available anywhere.

Scott Rasmussen, president of Rasmussen Reports, has been an independent pollster for more than a decade.


Rasmussen Employment Index History

Jan 2009

61.1

Dec 2008

67.0

Nov 2008

68.1

Oct 2008

72.1

Sep 2008

88.1

Aug 2008

82.2

July 2008

79.5

June 2008

78.6

May 2008

84.6

Apr 2008

82.9

Mar 2008

83.8

Feb 2008

87.1

Jan 2008

89.4

Dec 2007

89.3

Nov 2007

92.4

Oct 2007

99.7

Sep 2007

97.7

Aug 2007

99.6

Jul 2007

105.3

Jun 2007

101.5

May 2007

107.9

Apr 2007

107.0

Mar 2007

108.3

Feb 2007

106.8

Jan 2007

103.4

Dec 2006

104.9

Nov 2006

106.0

Oct 2006

100.4

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