Job growth meager, but surveys show signs of hope
Applicants wait to meet prospective employers at a job fair in New York City, June 11, 2012. Some 400 people arrived early for the event held by National Career Fairs. / John Moore/Getty Images
(CBS News) Despite flagging job growth and a persistently high unemployment rate, jobless Americans may have reason to see a silver lining.
New surveys find growing confidence among unemployed job seekers about their prospects, as more hiring managers also indicate they will boost their payrolls in the second half of 2012.
Forty-two percent of those looking for work polled by Glassdoor, an online jobs and career online community, believe it's likely they will find a job matching their experience and compensation level in the next six months.
The is the highest confidence level in more than three years - and 17 percentage points higher than it was one year ago, when it was at its lowest point (25 percent) since the survey began.
The GlassDoor survey comes as the Bureau of Labor Statistics released its June unemployment figures Friday. The U.S. added 80,000 jobs last month, less than most analysts had expected, and the unemployment rate remained unchanged at 8.2 percent.
President Barack Obama called the report a "step in the right direction," noting the creation of 4.4 million private sector jobs in the last 28 months. But he also acknowledged that the economy must grow "even faster."
Presumptive Republican presidential nominee Mitt Romney called the latest data "another kick in the gut."
Despite the lackluster numbers, the Glassdoor survey indicates that layoffs may be slowing down. Reports by employees of cutbacks or planned layoffs at their firms was at its lowest (38 percent) since Glassdoor began its quarterly survey in late 2008.
Samantha Zupan, community expert at Glassdoor, told CBS News, "While we've been on this roller coaster in terms of jobs information, it's starting to feel just a little bit better - and who knows where that goes from here, given we may be on a high point and heading down back again? But as of late, I think that the feelings that unemployed job seekers have been having are that it's a little bit brighter of a picture right now."
On Thursday, a CareerBuilder survey of nearly 2,300 hiring managers and human resource professionals found that one-third of employers (34 percent) added full-time, permanent hires in the second quarter of 2012 - up 33 percent from the first quarter and up from 29 percent one year ago.
In addition, 44 percent of private sector employers reported that they plan to hire full-time, permanent staff in the second half of 2012 - an increase of nine percentage points over the second half of 2011.
Among the sectors still cutting? The federal government, which lost 7,000 jobs in June.
There is much more caution among those with jobs about the conditions they are facing at their workplace. In the GlassDoor survey, the percentage of employees who expect a raise or cost-of-living increase over the next year is 40 percent, down three percentage points since last quarter.
Their company outlook is also mixed: 45 percent expect their companies to improve during the next six months. 45 percent expect it to stay the same, and 10 percent expect it to get worse.
Both surveys were conducted by Harris Interactive.
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