ENGLEWOOD CLIFFS, N.J., September 5, 2008---Almost half of American workers are concerned about their personal job security, according to a CNBC LinkedIn poll conducted this week prior to today's announcement from the Labor Department that the unemployment rate jumped to 6.1% in August, its highest level in five years.
According to the poll conducted on LinkedIn, the world's largest professional network, 47% of professionals said the current economic downturn is making them feel less secure in their jobs. In contrast, only 27% of respondents outside the United States said they felt less secure about their employment status. Over 28,000 LinkedIn members responded to the poll, which asked the question, "Has your job security been impacted by the current economic conditions?"
Further illustrating the reach of America's housing crisis, nearly two-thirds (62%) of professionals in construction or building related industries said they're concerned about their job security. Other industries with high levels of job security concerns are retail (55%), finance (53%) and marketing and advertising (51%).
On the other hand, individuals working in information technology, entertainment and the non-profit world report significantly higher levels of perceived job security.
Regionally, Houston, at 34%, has the lowest percentage of professionals worried about losing their jobs. Noteworthy, Texas was named CNBC's Top State for Business this year.
In contrast, Boston, at 65% sees the most uncertainty about job security.
Full poll results are available at cnbc.com.
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LinkedIn takes your personal business network online, giving you access to people, jobs and opportunities like never before. Built upon trusted connections and relationships, LinkedIn has established the world's largest and most powerful business network. Currently, over 27 million professionals are on LinkedIn, representing all five hundred of the Fortune 500 companies, as well as a wide range of household names in technology, financial services, media, consumer packaged goods, entertainment, fashion, and numerous other industries. LinkedIn is backed by world-class investors including Sequoia Capital, Greylock Partners, the European Founders Fund, Bessemer Venture Partners, and Bain Capital Ventures.