NEW YORK, July 6 /PRNewswire/
-- Confidence among
U.S. workers
rebounded
in June as the
Hudson Employment
Index(SM) gained
three points, from
99.9 to
103.0. That is
the highest reading
since January's
107.0 Index, but
well
below the level of
107.5 during the
same period one year
ago. The
increase
was driven by
improved perceptions
of personal finances
and a decline in the
number of workers
concerned about job
loss.
After four months of steady decline, 42 percent of workers
said their
finances are getting
better, up from 39
percent a month ago.
Conversely, the
percent reporting
that their situation
was getting worse
fell three points to
39 percent.
Additionally, 45
percent of workers
now rate their
personal
finances as good or
excellent, up from
43 percent the
previous month.
Workers also expressed an improved sense of confidence in
their companies'
hiring plans.
The number who said
their companies are
hiring held steady
at
31 percent, but the
number reporting
that their
organizations are
laying
workers off fell
from 19 percent to
17 percent.
Also, fewer U.S.
workers are
concerned about
personal job loss,
as that figure
dropped one point to
21
percent.
"The rebound in worker confidence we saw this month has more
to do with
workers'
self-interests than
with companies'
overall hiring
plans," said Jeff
Anderson, senior
vice president,
Hudson, North
America. "Even
as employees
are feeling more
secure in their jobs
and finances,
employers are still
facing
the prospect of the
summer lull in
business activity."
Managers, who typically have been more optimistic regarding
hiring plans
than the national
average, fell more
in line with the
overall workforce
this
month. In
June, the number of
managers expecting
their companies to
hire
declined to 32
percent, compared to
35 percent in May.
Similar to the overall results, confidence among IT workers
recovered in
June after
plummeting in May.
Optimism also rose
among the other
occupational
sector polls for
healthcare,
accounting &
finance, and
manufacturing.
All
All
Private Sector
IT
Workers
Managers
Managers
Workers
Personal finances
are getting better
42 %
49 %
55 %
45 %
Expect hiring
31 %
32 %
45 %
34 %
Concerned about job
security
21 %
19 %
21 %
29 %
*A more detailed data report is available at
http://www.hudson-index.com.
With the release of last month's Index, Hudson launched an
updated website
with easier access
to metro market and
industry data. The
URL remains
http://www.hudson-index.com.
Hudson, one of the world's leading professional staffing,
outsourcing and
human capital
solution providers,
publishes the Hudson
Employment Index, a
monthly measure of
U.S. workforce
confidence in the
employment market.
Next
month's Hudson
Employment Index
will be released on
August 3, 2005.
The Hudson Employment Index
The Hudson Employment Index (Hudson-Index.com) measures the
U.S.
workforce's
confidence in the
employment market.
Based upon monthly
telephone
surveys with
approximately 9,000
U.S. workers, the
Index tracks
aggregate
employment trends
around career
opportunities,
hiring intentions,
job
satisfaction and
retention. The data
is compiled each
month by Rasmussen
Reports, LLC, an
independent research
firm (RasmussenReports.com).
Survey results are segmented by eleven metropolitan cities
and four
industries. The
metro markets are:
Atlanta, Boston,
Chicago, Dallas, Los
Angeles,
Minneapolis-St.
Paul, New York,
Philadelphia, San
Francisco, Tampa,
and Washington, D.C.
Industry sectors
surveyed are
accounting and
finance,
healthcare,
information
technology, and
manufacturing. The
Hudson Employment
Index also measures
employee confidence
by age, gender, race
and compensation
levels.
Data reported in this release is based upon a national
telephone survey of
9,240 working
Americans during the
month of June. The
margin of sampling
error
for a survey based
upon this many
interviews is
approximately 1
percent with a
95 percent level of
confidence. The data
is not seasonally
adjusted. It
will
be reviewed at
year-end to
determine if
seasonal adjustments
are appropriate.
The Hudson
Employment Index is
a service mark owned
by Hudson Highland
Group,
Inc.
Hudson
Hudson delivers specialized professional staffing,
outsourcing and
human
capital solutions
worldwide.
From single
placements to total
solutions, the
firm attracts,
selects and develops
talent to meet the
specific business
needs
of each client.
Global practice
areas include
Accounting &
Finance;
Engineering,
Operations &
Scientific; Human
Resources; IT &
Telecommunications;
Legal; and Sales &
Marketing.
Hudson is a division of Hudson Highland Group, Inc. (Nasdaq:
HHGP) one of
the world's leading
professional
staffing, retained
executive search and
human
capital solution
providers.
More information is
available at
Hudson.com.
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Securities
Litigation Reform
Act of 1995: Except
for historical
information
contained
herein, the
statements made in
this release
constitute
forward-looking
statements within
the meaning of
Section 27A of the
Securities Act of
1933 and
Section 21E of the
Securities Exchange
Act of 1934. Such
forward-looking
statements involve
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including statements
regarding the
company's strategic
direction, prospects
and future results.
Certain factors,
including factors
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control, may cause
actual
results to differ
materially from
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statements,
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in the markets in
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operate, risks
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Securities and
Exchange Commission,
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are incorporated in
this
release by
reference.