Worker Confidence Recovers in July
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Hudson Employment Index, August 2007
After Hudson, a leading provider of permanent recruitment, contract professionals and talent management services, reported in July 2007 that in June, worker confidence had plunged to the lowest level since September 2006, in early August the provider reported a significant upward spike – 4.6 points up after a 6 point decline the preceding month.
Appearing in the most recent Hudson Employment Index, Hudson noted that renewed optimism about personal finances, layoffs and job security triggered the increase following the steep drop in worker confidence in June, which the provider said was caused by a combination of less-than-expected hiring and heightened financial and job security concerns.
Survey results are segmented by 11 cities: Atlanta, Boston, Chicago, Dallas, Los Angeles, Minneapolis-St. Paul, New York, Philadelphia, San Francisco, Tampa, and Washington, D.C. The Index surveys five occupational sectors: accounting and finance, health care, information technology, manufacturing and legal. It also measures employee confidence by age, gender, race and compensation.
The Index is based on monthly telephone surveys with approximately 9,000 U.S. workers. It tracks aggregate employment trends regarding career opportunities, hiring intentions, job satisfaction and retention. The data is compiled each month by Rasmussen Reports, LLC, an independent research firm.
