Expected Layoffs Worry Philadelphia Workers
The Hudson Employment Index (SM) for Philadelphia slipped 1.4 points to 91.1 in September, marking the fifth consecutive decline for the city. Steadily growing expectations for job cuts contributed to the Index’s downfall. Philadelphia’s latest reading is less than two points stronger than the 89.4 registered at the same time last year. The national Index based on responses from approximately 9,000 workers nationwide, declined for the second consecutive month in September, falling 2.1 points to 97.1.