Workers are more worried about job security, possibly because of the skyrocketing price of gasoline, according to a new survey.
After reaching a three-year low in June, Arlington-based Decision Analyst's "Job Anxiety Index" increased to 20.6 in August. One likely culprit for the increase oil and gas prices, the company said.
The index rose to 19.1 in July from a three-year low of 16.6 in June.
The index reflects the percentage of unemployed and underemployed workers, plus those who are "very worried" about losing their job.
"Looking ahead, much will depend upon where oil prices go from here," said Jerry W. Thomas, president and CEO of Decision Analyst, a marketing research and marketing consulting firm. "Further increases in oil prices could significantly slow economic growth in coming months and trigger layoffs" sending the index higher, he said.
The index is based on a monthly Internet survey of several thousand households balanced by gender, age and geography. It is conducted from the 20th to the 27th of each month.
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