Layoff Expectations Rising Among Manufacturing Workers
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.
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.
The yearly average for the Hudson Employment Index(SM) for Ohio was 102.2, up 2.3 points over last year’s average of 99.9. The state’s weakest measure of worker confidence came most recently in November (93.0), while its strongest Index reading registered in August (109.6).
Looking back over 2007, the average Hudson Employment Index(SM) for African-American workers was 90.4, five points lower than the 2006 average of 95.4. The average was on par with 2005’s 90.1. The measure of worker confidence for African-American professionals hit its year high in April at 96.8 and recorded its low of the year in November (83.6).
In its second year, the Hudson Employment Index(SM) for the legal sector recorded an average reading of 111.3 in 2007. It peaked at 123.0 in April and went as low as 98.9 in September, creating a range of 24.1 points for the remaining readings. This year’s average is just over 1 point above 2006’s average reading of 110.2.
The yearly average for the Hudson Employment Index(SM) for Texas was 123.8, up 2.8 points over last year’s average of 121.0. Texas’ average was the highest of all states polled in the Index . The measure of worker confidence for the state peaked at 131.3 in March, and recorded its 2007-low of 109.1 most recently in November. See below for more detailed information.
The yearly average for the Hudson Employment Index(SM) for Pennsylvania inched down to 103.2 in 2007, less than a point lower than last year’s average of 103.6.
Throughout 2007, the Hudson Employment Index(SM) for healthcare workers recorded an average reading of 105. It reached its peak in March, registering 111.1, and fell to the year’s low at 90.2 in November. This year’s average reading is one point lower than 2006’s average of 106. See below for more detailed information.