A recent Gallup poll shows signs that the economy is making a return to pre-Great Recession levels with 58% of full- or part-time workers saying they feel completely satisfied with their level of job security.
This indicates a healthy rise from job security levels recorded during the recession when satisfaction dropped to about 50%.
Gallup’s poll involved a random sampling of 1,032 adults, age 18 and older, living in the 50 states and the District of Columbia. The telephone interviews were conducted between Aug. 7-10, 2014.
Worker satisfaction with job security fluctuated somewhat during the recession, but remained solidly lower over the past five years versus the period prior to the start of the recession in 2007. A weakened economy and sluggish job market caused some workers to feel insecure in employment even following the passing of the 2010 peak in the unemployment rate.
With unemployment now at a 6% rate, workers are showing more confidence in their level of job security. That number coincides with a decline in concern about layoffs, which also dropped in 2014 to pre-recession levels, according to a separate Gallup poll.
The survey also delved into other aspects related to job satisfaction. Overall satisfaction on several aspects increased between 2013 and 2014, but there were some declines as well.
Aside from a 7% rise in satisfaction with job security, the other big gainers were the amount of vacation time, the amount of work required and recognition for accomplishments. All three saw a 5% rise in satisfaction levels.
Job satisfaction aspects such as safety in the workplace, relations with coworkers and supervisors, earnings and happiness with benefits all rose year over year between 2013 and 2014.
There was a one point decline in regard to flexibility of hours and a one point drop in regard to job stress. The amount of workers saying they are satisfied with their chances for promotion remained flat year over year at 38%.
Gallup analysts say the results indicate that American workers are more satisfied with most aspects of their jobs than they were last year at this time. They do not know, however, whether this is attributed to employer efforts to improve conditions and benefits packages or if improvements in the job market and economy overall have led to greater satisfaction.
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