Financial Concerns Weaken Twin City Worker Confidence
The Hudson Employment Index (SM) for Minneapolis - St. Paul fell 2.6 points to 85.6 in January. Increased concerns over finances and more anticipated layoffs influenced the decrease, despite better hiring expectations. The latest measure of worker confidence for the Twin Cities is more than 23 points lower than last January’s reading of 109.2. The composite Index, which is based on responses from approximately 9,000 workers nationwide, held steady at 89.0.