Employee Confidence Falls

American workers now have the lowest confidence levels in two years, according to The Employee Confidence Index by The SFN Group.

June's figure of 48.1 is a 5.8-point decline from the previous poll. The index takes into account Americans' personal confidence in an employment situation, as well as confidence in the current economic environment.

"Recent stumbles in the economic recovery, such as slower job growth this quarter and increasing unemployment claims, have clearly shaken workers' confidence," says Roy Krause, president and chief executive officer of SFN Group. "With the largest monthly decrease in our Index to date, workers appear to be very apprehensive about their own personal employment situations and the future of their current employer."

It is important for employees who have credit cards to not continue to use them heavily if they are laid off. This is a very quick and easy way to accrue a mountain of credit card debt, and without a steady income, it could be extremely destructive to a credit rating. Always look for other payment avenues when unemployed.