Bull Bear Report Apr 28 2010

Finance Job Seekers' Confidence Dips Slightly

By julie steinberg

Confidence among accounting and finance workers has slightly dipped, according to a new report from The Mergis Group, a professional placement firm that specializes in finance and accounting.

The report states that the Accounting & Finance Employee Confidence Index fell 0.3 points to 50.6 in the first quarter of 2010 from 50.9 in the fourth quarter of 2009. The index was started by the firm in 2005 and measures confidence in the job marketplace by finance and accounting employees in the U.S.

Despite recent improvement in the finance job market, according to the report, 33% of finance and accounting employees aren't confident in their ability to find a new job, up 7% from the fourth quarter. More bad news: Confidence in job security is decreasing with 64% of workers believing that it is unlikely they will lose their job in the next year, down from 74% last quarter.

Still, it wasn't all bad news, with only 55% of respondents believing there are fewer jobs out there, down 15% from the previous quarter.

Write to Julie Steinberg




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