NEW YORK, Aug. 28, 2008

Workers Not Confident In U.S. Job Market

Survey Finds One-Third Of Americans Say They Don't Earn Enough To Make Ends Meet

  •  (CBS/iStockphoto)

  • Interactive On The Job

    Explore America's labor economy, track recent major layoffs and meet key economic players.

  • Interactive Eye On The Economy

    In-depth features on U.S. markets, taxes, employment and the Federal Reserve.

(AP)  American workers' confidence in the job market is as low as it was during the 2001 recession, according to a survey released Thursday.

When asked whether this is a bad time to find a quality job, 65 percent said it was, matching the level of the 2001 recession, according to the survey by Rutgers University's John J. Heldrich Center for Workforce Development.

With unemployment at 5.7 percent, the highest level since 2004, and weekly unemployment claims hitting a six-year high earlier this month, workers are worried about everything from their weekly hours to their total pay.

As for retirement, many agree with Ray O'Connell, 56, an editor of engineering and computer science journals in New York City. "Won't happen," he said.

The survey found one third of workers said they often don't have enough money to make ends meet.

About one-third of respondents say the amount they owe on credit cards exceeds their retirement savings; another 3 percent say their credit card debt would cancel out their retirement account, according to the random survey of 1,000 people, 587 of whom are in the labor force.

Only half of respondents said they are working the number of hours they want to work and a third say there has been a change in the number of hours they work in the past three months. Eighteen percent were working more hours, and 14 percent worked fewer.

"This is a startling amount of change in a major area of people's lives over a very short period," according to a report on the survey called "The Anxious American Worker."

Nearly a third of respondents believe they are treated less as a person by their employer and more as "just someone who works" at their job.

Still, 91 percent of workers say they're "very" or "somewhat satisfied" with their jobs. A majority of American workers hold favorable attitudes toward their health and retirement benefits (62 percent), the number of hours they work (83 percent), and their annual income (74 percent).

However, only 55 percent of hourly workers are satisfied with their health and medical benefits, compared to 75 percent of salaried workers.

The survey also shows a wide disparity in parents' working hours: women with children at home work an average of 36 hours a week, while men with children at home work 48 hours per week.

Sixty-nine percent of respondents said they saved for retirement beyond their Social Security contributions, while 73 percent contribute to employer-sponsored retirement plans, and 67 percent report contributing to non-employer sponsored retirement plans. These figures are virtually unchanged from when the same questions were asked in 2005, and are down slightly from 2000.

Asked who is responsible for helping laid off workers, only 27 percent said workers were responsible for helping themselves, down from 52 percent in June 2003. Roughly one fifth said the government was responsible and another quarter said employers were responsible. The other options were combinations, such as workers and employers, workers and government, or all three equally were responsible.

The study had a sampling of error of plus or minus 4.2 percent, for workers in the labor force.

© MMVIII The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.
Share:
  • Share
  • Yahoo! Buzz
  • Mixx
Add a Comment See all 114 Comments
by slim1h2o August 29, 2008 11:21 AM EDT
Listen up Teenagers, if there is any reading these posts.



Do yourself a favor,do not, repeat, do not work for anyone but yourself.

I don''''t care what it is, weather it''''s working on computers, mowing lawns, building furnature in your parents garage, I don''''t care what it is. Just as long it''''s a viable trade, or service. If you follow my advice, you will be rewarded. Yes it will take some extra work, and yes, you might not make as much money in the begining, (later you will make much more than your peers) but at the end, you''''ll be much more happier.

Spoken from a man that knows.
Reply to this comment
by babooph August 29, 2008 10:49 AM EDT
Johns great,but with all those Guatamalans get deported,there will be an opening at the White house soon for a US citizen-following John around with a mop.
Reply to this comment
by carlylaine August 29, 2008 5:37 AM EDT
D is for the demonizing of the Repub conservats
E is for everytime you opened your mouth a lie fell out-
M is for the MONGERING you presented to us on a daily basis. Mongering PRO LIFE, mongering anti guns ANTI HUNTING , anti meat, anti UNITED STATES
O is for the "OHSH1t" after caught-on-tape utteringS
C is for the criers you elicit for sympathy to the masses to vote
R is for the RABID venom that spews from your lippers
A is for the majority of the constituents you represent
T is for the trying times you put the PEOPLE OF THE UNITED STATES through...because of your so-called altrusim as the guise for controlmania.

Put the letters together they spell FEAR MONGERS, SAME AS ANY CULT...FEAR MONGERS.
Reply to this comment
by zorlacskates August 29, 2008 3:23 AM EDT
your unemployment is a figment of your imagination. and if you haven''t saved enough for retirement, don''t worry; you can always be a greeter at walmart.

vote mccain if you want to work at walmart until you''re 85 years old!
Reply to this comment
by jayblrdi August 29, 2008 1:05 AM EDT
Demwatcher the congress hasn''t done much, but look at what they have to work with. When the president builds an outrageous debt on a disaster of a war and practices the Republican trickle down economic theory of keeping taxes low for the rich (I feel something trickling down all right, but it''s not money).

If you''re blaming the democratic congress for the state of affairs you''re really searching for a scapegoat to avoid the obvious culprit for our current situation:The Republican Administration.

Oh and Bhappy2 don''t worry even the "ILLEGAL ALIEN INVADER[s]" are having trouble finding jobs. A lot of them are going back to Mexico, which is what the Republicans wanted anyway. I guess they figured they could just destroy the economy that way nobody would want to come here for our jobs.
Reply to this comment
by oneworldusa August 28, 2008 11:21 PM EDT
I lost not one, but 2 state government jobs this year.
Reply to this comment
by bhappy2-2 August 28, 2008 10:41 PM EDT
Of course people are not confident of our job market. Unless you are an ILLEGAL ALIEN INVADER no one wants to hire you.
Reply to this comment
by demwatcher August 28, 2008 10:06 PM EDT
And what has the Do Nothing Democrat Congress done for the economy in past 19 months?

Oh, their name says it all. DONE NOTHING!

But, do not worry America. If we elect Obama, we will all be poorer and become reliant on Government hand-outs. The Democrats will gladly tax what remains of our industry into oblivion to provide us with welfare checks AS LONG as we keep voting for them.
Reply to this comment
by walt1944-2009 August 28, 2008 10:01 PM EDT
The Great Emperor Bush II is not dismayed at the gloomy economic news, much as his older clone, John McBush McCain, is not concerned. For them, as well as for almost every neocon Fascist Nazi connected to the Republican party, they have already made their money AT OUR EXPENSE!!!

Meanwhile, both the Great Emperor Bush II and his older clone are busy working on the speeches they will make at the Fascist Nazi RNC next week. It is expected that Rudy "9/11" Guiliani will put the fear of "terrrrrrrrrorists", both real but mostly imaginery, into everyone, followed by the Great Emperor Bush II who will pat himself on the back (no one else will!) for a job well done and "MISSION ACCOMPLISHED".

Next will come McCain who will tell everyone to stop whinning, that the economy is "strong" (so strong IT STINKS!), that jobs are plentiful (IN CHINA!) and corporate America and especially BIG OIL need more tax breaks to ship even more jobs overseas. He will then give an update on how many homes he has discovered that he owns!

SIG HEIL, BUSH!!!!!
sig heil, THE GREAT LANDLORD, McCain!!!!!
Reply to this comment
by hypnotoad72 August 28, 2008 9:43 PM EDT
PapaBC - I recall reading somewhere that Canada has a nice immigration policy but with one caveat: regardless of qualifications, Canada puts its own citizens first. Just like how other countries put their own citizens first. If the US is attempting to start a trend, I don''t think it''s caught on.
Reply to this comment
by iphyt4u August 28, 2008 8:12 PM EDT
The Bush administration and the republicans have destroyed this country.
Reply to this comment
by papabc August 28, 2008 7:41 PM EDT
Posted by n8yvn29: Workers are not confident in the U.S. job market - and they should not be- Bush has practically destroyed our economy, just as he has run into the ground every other business he has gotten his mitts on.
--------------------------------------

A number of things come to mind about the job market,
1. In the mid to late 90s the hi-tech jobs were sent out of the US to other countries: IE Mexico, Singapore, China, Phillipines, Hungry, for lower
cost and less pay to the employees there.
2. Clothing line were there but other American manufactures had to place factories over seas to compete in the market place.
3. We the PEOPLE would buy Foreign: Cars, Cloths, Electronics, Pot-pans-dishs, everything, as long at they were cheap and kept $$$ in our pockets to but better toys.

If you must blame Presidents then list Bush1, Clinton, Bush2 in there. Also add congress for approving things like NAFTA. There is enough finger pointing to go around.

Can it be fixed. Most likely. To start lets Cancel H-1B Visa program and Fire Illegal Immigrants and cancel free benefits. Hire our own college graduates and citizens first. Reduce the government mandates that made doing thing here so expensive.
Reply to this comment
by drinuk August 28, 2008 7:28 PM EDT
brianbwb, You do not know just how right you are and what will inevitably come to be.

I previously posted that a nation without Integrity is surely doomed to fail. Corporate America has removed the integrity of our nation to gain of wealth and power.

It will get worse before the people rise up but rise up they will, which of course is what the Patriot Act is all about.
Reply to this comment
by n8yvn29 August 28, 2008 7:09 PM EDT
Workers are not confident in the U.S. job market - and they should not be- Bush has practically destroyed our economy, just as he has run into the ground every other business he has gotten his mitts on.
Reply to this comment
by drinuk August 28, 2008 6:58 PM EDT
How on earth can the workers NOT be confident, the Dems have just sorted out the whole dam mess. Captain Obama is riding in at great haste, Clinton took the Dollar and goes away to write three books and join up with Michael Moore to make a movie on corrupt politics and their not convinced that America is on the UP ? Don''t Worry, you won''t need a job after GW has blown us all to kingdom come before departing.

INTEGRITY thats what we need folks a little INTEGRITY !
Reply to this comment
by brianbwb-2009 August 28, 2008 6:35 PM EDT
"I''''m merely just tossing around the issue as to why we, as American citizens, let the government encourage companies to seek foreign workers" Posted by sly_64

We didn''t let them, they were bought off by the companies, whose pool of money is stronger than our right to vote. That pool can make you richer than you can imagine, and it can also buy assassins for those who don''t cooperate, the Kennedy brothers, John and Robert, come to mind.

The cure will take some serious thought, sacrifice, organization and planning, because it will be a revolution, with real blood in the streets. Those who bought power will never willingly forgo it, it will have to be taken from them.

When it does happen we might find ourselves in a civil war, at odds with our own brethren who are afraid of an unknown future, and will fight to maintain the status quo.

Those who play "divide and conquer" will stir up enmity amongst the opposition, but we must keep our focus on those very people, fight through the barriers they will erect against us, and then make sure that we create a structure that is more tamper resistant than the current one.
Reply to this comment
by dashortround August 28, 2008 6:31 PM EDT

The few remaining jobs that are not immediately outsourced to overseas contractors are rapidly being filled by low-paid illegal immigrants right here in the US.

Illegal immigrants in our workforce depress the wages and benefits of ALL American workers.

Until we begin protecting our own workforce here in the US from outsourcing, and until we get a LOT tougher on evicting illegal workers and punishing those businesses that hire them, things will just continue to deteriorate here in the US job market.
Reply to this comment
by marshall_nee August 28, 2008 5:31 PM EDT
We need a new bubble.
Reply to this comment
by sly_64 August 28, 2008 5:09 PM EDT
I can''t remember the last time I looked for a job in the "Help Wanted" section. Ha
Reply to this comment
by latrocinor-2009 August 28, 2008 5:02 PM EDT
Workers Not Confident In U.S. Job Market

Ya think?
Reply to this comment
See all 114 Comments
  • MOST POPULAR
Latest News
News in Pictures
Scroll Left Scroll Right
Connect with CBS News

Stay connected with the CBS News using your favorite social networks and online news applications: