Hudson Employment Index Sinks to Record Low
The Hudson Employment Index (SM) fell 8.9 points in November to a record low of 91.9. Growing concerns about hiring and signs of personal financial strain triggered the decline.
The Hudson Employment Index (SM) fell 8.9 points in November to a record low of 91.9. Growing concerns about hiring and signs of personal financial strain triggered the decline.
Economic confidence among small business owners declined for the fourth straight month in November, as increased pessimism over the U.S. economy dragged down indicators of relative stability at the small business level, according to the Discover Small Business Watch.
More consumers are expecting to increase their spending next month according to the Discover (R) U.S. Spending Monitor (SM), reversing a five-month trend that consistently showed consumers less willing to spend more.
Worker confidence was unchanged in Boston in October, as the city’s Hudson Employment Index(SM) held steady at 93.3.
Workers in Texas were less confident in October, as the state’s Hudson Employment Index(SM) fell 3.1 points to 123.1.
Ohio worker confidence slipped for the second consecutive month, as the state’s Hudson Employment Index(SM) dropped 2.6 points to 97.1.
Confidence among manufacturing workers rose in October, as the sector’s Hudson Employment Index(SM) gained five points to 87.8.
Although worker confidence continued to weaken among African-Americans workers in October, Hispanics experienced a boost of confidence.
Worker confidence continued sinking in Minneapolis-St. Paul in October, as the market’s Hudson Employment Index(SM) fell 6.2 points to 88.9.
The Hudson Employment Index(SM) for Atlanta rose in October, climbing 5.6 points to 108.7.
The Hudson Employment Index(SM) for Los Angeles inched up one point to 94.3 in October.
California workers gained confidence for the second consecutive month, as the state’s Hudson Employment Index(SM) rose 6.2 points to 108.4 in October.
Worker confidence fell for the fifth consecutive month in San Francisco, as the city’s Hudson Employment Index(SM) dropped 5.1 points in October to 88.4.
The Hudson Employment Index(SM) for Washington, D.C. edged up 1.8 points in October to 108.8.
The Hudson Employment Index(SM) for healthcare workers rose 5.4 points to 104.7 in October. The latest Index is one point shy of last October’s reading of 105.7.
For the fourth month in a row, confidence among workers in Chicago rose as the city’s Hudson Employment Index(SM) increased 3.7 points to 97.4.
Confidence among accounting and finance workers fell for the third consecutive month, as the group’s Hudson Employment Index(SM) slid 2.9 points to 109.0 in October.
After five months of consecutive declines, the Hudson Employment Index(SM) for Philadelphia rose two points in October to 93.1.
Ending a five-month free fall, the Hudson Employment Index(SM) for Tampa was stable in October, inching up .4 points to 85.
The Hudson Employment Index (SM) for New York City inched up 1.6 points to 93 in October. The Big Apple’s latest measure of worker confidence is well above last October’s 80.1.