Fewer job seekers confident about prospects

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The results of an employment survey released this week indicated that job seekers are more uncertain about their prospects today than a year ago, when the employment situation was at its bleakest.

Outplacement firm Challenger, Gray & Christmas, Inc. reported that more than 1,000 callers contacting the company’s job-search advice hotline were unsure about when they might find a new position. Almost 16 percent thought it would take a more than a year.

As a result, the overall confidence among job-seeking callers was much lower than a year ago.  Only 12.4 percent felt they would be able to find a job in one to three months, down from 27 percent in 2008.  The percentage of callers who thought it would take four to seven months to find employment dropped from 31 percent to 12.2 percent.  The 15.5 percent who felt the job search would take more than 12 months far out numbered the 5.5 percent who were pessimistic a year ago.

Along with the lack of optimism, callers also voiced “a considerable amount of uncertainty.” Forty-eight percent of callers said they were unsure about how long their job search might take, compared to 25 percent in 2008. The economy may officially be in recovery, but there are scant signs of a revival in the job market,” said CEO John Challenger. “Employers are still shedding workers, albeit at a much lower pace, and hiring has yet to accelerate.  Hiring is expected to pick up in the new year, but for those who have been jobless for an extended period, it is easy to become discouraged.”

One Response to Fewer job seekers confident about prospects

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    January 14, 2010 at 3:59 pm