Bush Boom Anxiety

From Holden:

US workers are really worried about losing their jobs.

Workers in the United States are far more nervous about losing their jobs than they were six months ago and are now among the least confident employees among the world’s leading economies, according to a recent survey.

Right Management Consulting, which conducts surveys in 18 nations around the globe, found in its September and October survey that 23.8 percent of U.S. workers said it was very possible or somewhat possible that they would lose their jobs in the next 12 months. That’s up from only 19.3 percent who were that concerned about job loss in the survey conducted six months ago.

Just less than half of U.S. workers surveyed said it was not at all possible they would lose their jobs, down from 52 percent who were that confident six months ago.


The percentage of U.S. workers concerned about losing their job is close to the highest level seen worldwide. It only marginally trails the 24.2 percent of those surveyed in United Kingdom and 24 percent in Canada who share that fear.

But the U.S. workers are more concerned than their British or Canadian counterparts with being able to replace their current jobs should they lose it. Asked how easy it would be for the average person who is laid off to find a similar job at the same pay, 80.2 percent of Americans surveyed said it would be somewhat or very difficult. That’s little changed from the 79.8 percent who had that concern six months ago.


The combination of the two questions puts the U.S. workers surveyed near the bottom of the firm’s Career Confidence Index, ahead of only Switzerland and Germany. Six months ago the United States was near the worldwide average, with seven nations having less confident workers.