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BUSINESS

Rasmussen Employment Index Shows Labor Market Confidence At Seven Month-Low

The Rasmussen Employment Index, which measures workers’ perceptions of the labor market each month, plummeted nine points in March to its lowest level since last August.

At 69.7, the Employment Index is virtually unchanged from a year ago but still up eight points from two years ago.

Just 18% of working Americans now report that their firms are hiring while 25% say their firms are laying workers off. That’s far more pessimistic  than a month ago when 20% reported hiring and 22% reported lay-offs. It has been nearly three years since the number reporting that their firms are hiring has topped the number reporting lay-offs. At 25%, the number reporting lay-offs now is the highest since last August.

Twenty-nine percent (29%) of workers are now worried about losing their jobs, up two points from last month and the highest level of concern measured since September 2010.

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