Sears' 2Q profit drops 62 percent
Survey: US workers' confidence in job market sags
By ELLEN SIMON, AP Business WriterThu Aug 28, 1:41 AM ET
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.