Worker confidence improved in DC in August, as the city’s Hudson Employment IndexSM climbed 4.6 points to 107.1. Optimism around finances and job security contributed to the increase, but were offset by less expected hiring. The capital’s latest reading is significantly lower than last August, when it registered 122.1. The national Index, based on responses from approximately 9,000 workers nationwide, tumbled 6.6 points in August to 99.2.
After rebounding in July, IT worker confidence dropped again in August. This group’s Hudson Employment Index (SM) fell 7.6 points to 105.1. Worsened financial sentiments drove the decrease, but were offset by an increase in expected hiring. The latest reading, however, is two points higher than the reading a year ago, when the Index for IT workers was 103.1. The composite Index, based on responses from approximately 9,000 workers across all sectors, plunged 6.6 points in August to 99.2.
The Hudson Employment Index (SM) for Atlanta fell 7.7 points to 102.4 in August. Less expected hiring drove the decline. Atlanta’s latest reading is dramatically lower than last August’s reading of 121.1. The national Index, based on responses from approximately 9,000 workers, plunged 6.6 points to 99.2.
Worker confidence fell for the fourth consecutive month in Philadelphia, as the city’s Hudson Employment Index (SM) edged down 1.6 points to 92.5. The city’s reading has dropped more than 16 points since April. Nevertheless, Philadelphia’s latest Index is well above last August’s 87.5. The national Index based on responses from approximately 9,000 workers nationwide, tumbled 6.6 points in August to 99.2.
While African-Americans workers were more confident in August, confidence among Hispanic workers took a plunge. The monthly Hudson Employment Index (SM) for African-Americans rose 2.7 points to register 93.2, while the reading for Hispanics plummeted 10.3 points to 93.0. The composite Index, based on responses from approximately 9,000 workers across all races and ethnicities, also took a 6.6 point nosedive to 99.2.
Despite much turmoil witnessed in the current economy, workers in the legal sector remained confident in August. Their Hudson Employment Index (SM) inched up .8 points to 118.6. Less concern over layoffs and increased job security was offset by a drop in job satisfaction. The group’s latest reading is also higher than last August’s Index of 114.2. The composite Index, based on responses from approximately 9,000 workers across all sectors, plunged 6.6 points in August to 99.2.
Worker confidence waned in Boston, as the city’s Hudson Employment IndexSM fell 8.6 points to 96.2 in August.
After several months of declines or steady readings, Chicago worker confidence inched up in August, as the city’s Hudson Employment Index (SM) rose one point to 86.5
The Hudson Employment Index (SM) for healthcare workers fell 6.4 points to 103.9 in August. Increased financial concern and greater layoff expectations drove the decline.
Confidence among manufacturing workers fell in August, as the sector’s Hudson Employment Index SM slipped 2.8 points to 85.1.
In a month of roller coaster-like changes in economic confidence, consumers gave their personal finances remarkably consistent ratings.
The Hudson Employment Index (SM) recorded its largest one-month drop in August, falling 6.6 points to 99.2. Nearly all factors contributing to the Index revealed lowered optimism. The latest reading is the weakest since September 2005 and 3.7 points lower than last August’s Index.
Economic confidence among small business owners fell in August after briefly rebounding last month as small business owners expressed less confidence in the economic conditions for their business and experienced more cash flow issues, according to the Discover(R) Small Business Watch(SM).
After months of registering one of the highest levels of worker confidence, sentiment among Tampa employees recorded its second consecutive record low in July. The city’s Hudson Employment IndexSM fell 4.5 points to 91.6 in July. Layoff fears, weakened finances and lower job satisfaction contributed to the decrease. The Index for Tampa registered 118.7 one year ago. The national Index, based on responses from approximately 9,000 workers nationwide, rose 4.6 points to 105.8 in July.
Florida worker confidence fell for the fourth consecutive month in July, as the state’s Hudson Employment Index (SM) dropped 5.1 points to 92.6, the lowest on record for the state. Increased worry over job loss drove the decline. The state’s latest measure of worker confidence is a drastic 25.3 points lower than last July’s reading of 117.9. The national Index, based on responses from approximately 9,000 workers across the country, rose 4.6 points to 105.8.
Worker confidence improved in Boston in July, as the city’s Hudson Employment Index (SM) rose 3.5 points to 104.8. Fewer layoff expectations and less job security concern contributed to the increase. Boston’s latest Index is more than seven points stronger than last July, when it registered 97.7. The national Index, based on responses from approximately 9,000 workers, also rose 4.6 points to 105.8.
Ohio workers were more confident in July, as the state’s Hudson Employment Index (SM) increased six points to 106.8. Improved financial sentiments drove the increase. The state’s latest Index is a dramatic 14.2 points higher than last July, when it came in at 92.6. The national Index, based on responses from approximately 9,000 workers across the country, also rose 4.6 points in July to 105.8.
Worker confidence climbed among both African-Americans and Hispanics in July. The monthly Hudson Employment Index (SM) for African-Americans rose 2.3 points to register 90.5, while the reading for Hispanics jumped 8.3 points to 103.3. The composite Index, based on responses from approximately 9,000 workers across all races and ethnicities, gained 4.6 points to register at 105.8.
Worker confidence in Pennsylvania fell in July, as the state’s Hudson Employment Index (SM) dropped 4.2 points to 104.2. The latest measure of worker sentiment is virtually the same as last July, when the state’s Index was 104.1. The national Index, based on responses from approximately 9,000 workers across the country, rose 4.6 points in July to 105.8.
After two consecutive months of decline, confidence among workers in the legal sector climbed as their Hudson Employment Index (SM) rose 5.8 points to 117.8. More workers expressing job satisfaction drove the increase. The latest reading is also higher than last July’s Index of 113.0. The composite Index, based on responses from approximately 9,000 workers across all sectors, rebounded in July, raising 4.6 points to 105.8.
