Job Security Concerns Drag Down Worker Confidence in NYC
The Hudson Employment Index (SM) for New York City dropped one point to 89.3 in February. Heightened concern about job loss drove the decrease in employee sentiment. New York City’s latest reading, however, is well above last February’s Index of 85.7. In sharp contrast, the composite Index, which is based on responses from approximately 9,000 workers nationwide, rose 2.9 points this month to 107.1.