California worker confidence plummets

As reported in the San Francisco Chronicle:

The California Employee Confidence Index dropped 2.5 points to 50.3 in December, the lowest level seen in the history of the survey, according to a report released Friday. The latest report, conducted by Harris Interactive on behalf of Spherion Corp., indicates that California workers are becoming increasingly less confident in the job market, economy and in their personal employment situation. Results from the California Employment Report include:

• Sixty-three percent of workers believe the economy is getting weaker, an increase of nine percentage points from November.

• Thirty-five percent of employees are likely to look for new jobs, up seven percentage points from the previous month.

• Forty-seven percent of California workers believe there to be fewer jobs available, a 10 percentage point increase since November.