Employment Survey: 19% of Workers Report Their Firm is Hiring, 25% Laying Off

05-04-2011 • GlobalEconomicAnalysis.blogspot.com

Just 19% of working Americans now report that their firms are hiring while 25% say their firms are laying workers off. Those numbers are little changed from the month before. It has been nearly three years since the number reporting that their firms are hiring has topped the number reporting lay-offs. Twenty-eight percent (28%) of workers are now worried about losing their jobs in the near future. That’s down a point from a month ago when concern reached the highest level since September 2010. The survey of 8,522 working Americans was conducted in April 2011 by Rasmussen Reports. The margin of sampling error is +/- 1 percentage points with a 95% level of confidence. 28% Worried About Losing Their Job One of the key finding in the survey is the number of people worried about losing their job. Those with such worries are not likely to go on spending sprees. However, I cannot explain the huge divergence between the Rasmussen survey and the recent Gallup survey.