Engineers Are Less Optimistic About Jobs

Despite the low unemployment rate among technology workers, the Randstad Engineering Employee Confidence Index fell nearly 3 points — to 54.9 — in the first quarter. The confidence level of engineers declined across four of the five metric points used in the survey conducted by Harris Interactive on behalf of Randstad Engineering. The survey questioned 112 U.S. engineering workers

Need WorkHere’s how the first quarter figures looked:

  • Confidence in the Economy: 26 percent believe it’s getting stronger, down from 34 percent in the fourth quarter.
  • Job Availability Optimism: 21 percent believe more jobs are currently available, down from 23 percent in the fourth quarter.
  • Confidence in Ability to Find a New Job: 51 percent are confident they will find a new job, down from 59 percent in the fourth quarter.
  • Likely to Search for a New Job: 36 percent are likely to look in the next 12 months, compared with 38 percent last quarter.
  • Job Security Sentiment: 73 percent don’t feel they’re in danger of losing their jobs in the next 12 months, an improvement over the 68 percent last quarter.

Initially, engineers’ less than optimistic view mirrored the feelings of the nation at large, based on the release of the government’s disappointing March jobs report. However, on Friday, April’s report showed a stronger performance than expected and the February and March jobs figures were also revised upward.

“We believe that the slight decline in overall confidence levels last quarter may be a reflection of continuing unease surrounding the sequester, payroll tax concerns and the continuing rise in gas prices,” said Richard Zambacca, president of Randstad Engineering.

However, he noted that while the index dropped 2.9 points in the first quarter, the quarter-to-quarter decrease wasn’t as steep as it was in the second quarter of 2012, which fell 5.9 points, nor the 2012 third-quarter decrease of 4.6 points.

5 Responses to “Engineers Are Less Optimistic About Jobs”

  1. Only surveyed 110 people? Hardly a realistic sampling. And what is the definition of “Engineer”?

    There are Electrical Engineers, Software Engineers, Railroad Engineers, Architectural Engineers, etc etc.

    If you’re going to present “scientific” data, or run a survey, 110 people is hardly enough to represent an industry trend even with specific data points. But to suggest that “engineers” are depressed is really a fluff piece with hardly any data. Nothing about geographic regions either. And Randstadt is hardly an objective source of information.

  2. Cicuta

    Amen… Now days even HS drop put become engineers. I have worked with those guys which as a rule are back stabbers.

    If you hold a University degree go to Brazil, they have 6 million jobs for engineers and scientists…you have to learn Portuguese though.