IT Workers Expect Less Hiring in Early 2008
IT worker confidence waned for the third consecutive month in December, as the group’s Hudson Employment Index (SM) fell 6.1 points to 97.4.
IT worker confidence waned for the third consecutive month in December, as the group’s Hudson Employment Index (SM) fell 6.1 points to 97.4.
Worker confidence continued sinking in December, as the Hudson Employment Index (SM) for Philadelphia dropped 5.7 points to 76.4.
Worker confidence in Florida weakened again in December, as the state’s Hudson Employment Index(SM) fell 5.8 points to 90.7.
Pennsylvania’s Hudson Employment Index (SM) fell for the second consecutive month, dropping 5.8 points to 88.7.
After hitting a record low in November, the state’s Hudson Employment Index (SM) rebounded 5.2 points to 114.3 in December.
Worker confidence improved among both African-American and Hispanic workers in December.
Confidence among manufacturing workers declined for the second consecutive month in December, as the sector’s Hudson Employment Index (SM) dropped 5.7 points to 77.3.
The Hudson Employment Index (SM) for Atlanta fell again in December, dropping 6.9 points to 93.5.
After a slight rebound in November, the Hudson Employment Index (SM) for Minneapolis - St. Paul inched down 1.8 points to 88.2 in December.
The Hudson Employment Index (SM) for New York City slipped 7.5 points to 84.3 in December for the third consecutive month.
Workers in the legal sector were less optimistic in December, as the group’s Hudson Employment Index (SM) edged down 1.7 points to 101.9.
After posting a significant increase in November, the Hudson Employment IndexSM for Tampa – St. Petersburg fell 11 points to 78.8, the lowest number on record for this market.
Worker confidence continued sliding in Washington, D.C., in December, as the city’s the Hudson Employment Index (SM) dropped 6.9 points to 93.7. Less expected hiring and growing financial concerns persisted in the nation’s capital.
Economic confidence among small business owners is off slightly for December, down a half-point from the previous month, as small business owners expressed less confidence that economic conditions are getting better, either in the general economy or with their own businesses.
The Hudson Employment IndexSM fell 4.6 points in December to 87.3, as workers’ confidence in the U.S. labor market continued to decline.
Worker confidence across three out of six industry sectors, as measured by the Hudson Employment Index SM, rose modestly throughout 2007. Confidence among accounting and finance workers showed the greatest gain of 1.9 points, making this year's average 111.7 and the highest of all the industry sectors.
Looking back over 2007, the average Hudson Employment Index SM, which measures the workforce's overall confidence in the employment market, seven out of eleven cities saw a decline in worker confidence.
The war in Iraq, keeping the Internet free from regulation, and minimizing government's role in protecting privacy on the Internet, among other matters, dominate the political concerns of the American IT worker.
Throughout 2007, the average Hudson Employment Index(SM) for IT workers was 110.3, less than one point higher than 2006’s average of 109.6. The measure of worker confidence for IT professionals peaked to 122.6 in April, and recorded its low of the year most recently in November (103.5). See below for more detailed information.
The average Hudson Employment Index(SM) reading for the Twin Cities in 2007 was 103.6, 7.5 points higher than in 2006. Readings dropped and stayed below 100 in September, with the lowest reading of worker confidence registering in October at 88.9. The area’s strongest reading was in March, when the Index registered 114.1.