What They Told Us: Reviewing Last Week’s Key Polls - Week Ending September 8, 2012
What a way to end a convention. By most accounts, Democrats had a highly successful national convention in Charlotte, but Friday’s jobs report put a sour finish to a week President Obama’s party hoped would put him on the road to reelection.
While the results seemed to surprise many economic forecasters, American workers saw it coming. The Rasmussen Employment Index fell nine points in August to 72.0, the lowest level of confidence since October 2011. Worker confidence in the labor market is now roughly the same as it was in the month following the Wall Street meltdown in the fall of 2008. This is the second straight month that the number reporting layoffs topped the number reporting hiring. Prior to that, there had been eight straight months with more hiring than layoffs reported.
Concern about job security is rising. Twenty-nine percent (29%) of workers are worried about losing their jobs, up four points from a month ago and the highest level of concern measured in 10 months. Just 62% of workers believe it will be their choice when they change jobs. That’s down 12 points from July and down 19 points from May.