Hudson Index Up Sharply to 108.2
Hudson Employment IndexSM climbed to 108.2 in February, up 5.6 points from January’s 102.6 reading. The rise is attributed to a significant increase in the percentage of workers and managers who expect their employers to hire, as well as improved expectations regarding personal finances. The latest Index is among the strongest readings on record, and considerably higher than the 102 recorded in February 2005.
Workers overall were more likely to anticipate hiring in February than at the very start of the year. One-third (33 percent) of the workforce indicated their firms had plans to hire, the most optimistic they have been in this respect since October 2004. This figure had held steady near 30 percent for the last four months. Notably, 45 percent of managers in the private sector projected an increase in head-count, up from 38 percent in January. There was also a four-point jump to 34 percent in the number of all managers forecasting hiring within their organization (additional information at Hudson-Index.com)
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