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article imageJob concerns continue to rise among American workers

By Oliver VanDervoort     Aug 13, 2009 in Business
Despite recent reports that the economy is recovering, the American public is still incredibly nervous about keeping their jobs, and the benefits that come with them
A new Gallup Poll released this morning, finds a significant jump in the percentage of U.S. workers who are concerned about losing their job.
Despite recent reports that the economy is recovering, including the Feds’ comments yesterday that showed a great amount of confidence that 2010 would be a year of growth; the American public is still incredibly nervous. A new Gallup Poll released this morning, finds a significant jump in the percentage of U.S. workers who are concerned about losing their job.
Worker anxiety has traditionally been rather high, over a ten year period the percentage of people worried about losing their jobs has hovered around 20%, with 15% weighing in with worry at this time in 2008. With unemployment rates jumping over 9% for the first time since Ronald Reagan was in office, worker insecurity has also take a steep rise.
The poll sampled 528 working adults from August 6th to the 9th and all those interviewed were employed at least part time.
Of those sampled, a whopping 31% felt as though their job was now in jeopardy. That is an increase of more than twice the level from a year ago. Both College graduates and non graduates are feeling the pressure, though not at the same level. 22% of college graduates are worried about being laid off, which is a nine point rise from 2008. Non graduates are worried at a 36% clip, which is a huge, 20 point jump from one year ago.
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Losing their job is not the only worry among those polled. Around 27% of those sampled say they are worried that while they may keep their jobs, their hours will be cut back. That’s a 13 point from 2008. Thirty-two per cent are concerned that their pay will be cut, a 16% jump from last year, almost half (46%) think their benefits will be cut. That is the biggest jump of all, a 19% rise from a year ago.
The bottom line is that workers anxiety is always going to be high as long as the economic picture is uncertain. If the economy truly is improving, the nervousness will dip back to its usual levels.
Should the economy take longer to recover than is currently being projected, unease in the workplace will only continue to rise. And as the saying goes, a happy worker, is a productive worker.
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