Worker confidence fell in San Francisco for the third month in a row in August, as the city’s Hudson Employment Index (SM) plunged 10.8 points to 95.7. Concerns relating to personal finances and hiring plans caused the decline. San Francisco’s latest Index is lower than last August’s reading of 99.2. The composite Index, which is based on responses from approximately 9,000 workers nationwide, also tumbled 6.6 points in August to 99.2.
Ending a four-month skid, worker confidence rose in Florida in August. The state’s Hudson Employment Index (SM) rose 1.7 points to 94.3 while almost all other geographies reported declines. Florida’s latest measure of worker confidence is dramatically lower than last August, when it registered 122.3. The national Index, based on responses from approximately 9,000 workers across the country, plunged 6.6 points to 99.2.
The Hudson Employment Index (SM) for Los Angeles fell 3.2 points to 96.4 in August. Greater dissatisfaction with finances and fewer hiring expectations were offset by less concern over job loss. The latest reading is below last August’s reading of 102.2. The composite Index, which is based on responses from approximately 9,000 workers nationwide, plunged 6.6 points to 99.2.
After two months of steady increase, the Hudson Employment Index (SM) for Minneapolis-St. Paul fell 6.9 points to 102.6 in August. The Twin Cities’ reading registered 92.1 last August, more than 10 points below the latest Index. The national Index, based on responses from approximately 9,000 workers nationwide, plunged 6.6 points to 99.2.
Worker confidence fell for the fourth consecutive month in Tampa, as the city’s Hudson Employment Index (SM) stumbled 3.4 more points to 88.2 in August. This latest drop brings Tampa’s Index more than 30 points from where it was in January. The difference is even more dramatic looking back to August 2006, when the city’s reading was 121. The national Index, based on responses from approximately 9,000 workers nationwide, tumbled 6.6 points in August to 99.2.
Worker confidence improved in DC in August, as the city’s Hudson Employment IndexSM climbed 4.6 points to 107.1. Optimism around finances and job security contributed to the increase, but were offset by less expected hiring. The capital’s latest reading is significantly lower than last August, when it registered 122.1. The national Index, based on responses from approximately 9,000 workers nationwide, tumbled 6.6 points in August to 99.2.
After rebounding in July, IT worker confidence dropped again in August. This group’s Hudson Employment Index (SM) fell 7.6 points to 105.1. Worsened financial sentiments drove the decrease, but were offset by an increase in expected hiring. The latest reading, however, is two points higher than the reading a year ago, when the Index for IT workers was 103.1. The composite Index, based on responses from approximately 9,000 workers across all sectors, plunged 6.6 points in August to 99.2.
The Hudson Employment Index (SM) for Atlanta fell 7.7 points to 102.4 in August. Less expected hiring drove the decline. Atlanta’s latest reading is dramatically lower than last August’s reading of 121.1. The national Index, based on responses from approximately 9,000 workers, plunged 6.6 points to 99.2.
Worker confidence fell for the fourth consecutive month in Philadelphia, as the city’s Hudson Employment Index (SM) edged down 1.6 points to 92.5. The city’s reading has dropped more than 16 points since April. Nevertheless, Philadelphia’s latest Index is well above last August’s 87.5. The national Index based on responses from approximately 9,000 workers nationwide, tumbled 6.6 points in August to 99.2.
While African-Americans workers were more confident in August, confidence among Hispanic workers took a plunge. The monthly Hudson Employment Index (SM) for African-Americans rose 2.7 points to register 93.2, while the reading for Hispanics plummeted 10.3 points to 93.0. The composite Index, based on responses from approximately 9,000 workers across all races and ethnicities, also took a 6.6 point nosedive to 99.2.
Despite much turmoil witnessed in the current economy, workers in the legal sector remained confident in August. Their Hudson Employment Index (SM) inched up .8 points to 118.6. Less concern over layoffs and increased job security was offset by a drop in job satisfaction. The group’s latest reading is also higher than last August’s Index of 114.2. The composite Index, based on responses from approximately 9,000 workers across all sectors, plunged 6.6 points in August to 99.2.
Worker confidence waned in Boston, as the city’s Hudson Employment IndexSM fell 8.6 points to 96.2 in August.
After several months of declines or steady readings, Chicago worker confidence inched up in August, as the city’s Hudson Employment Index (SM) rose one point to 86.5
The Hudson Employment Index (SM) for healthcare workers fell 6.4 points to 103.9 in August. Increased financial concern and greater layoff expectations drove the decline.
Confidence among manufacturing workers fell in August, as the sector’s Hudson Employment Index SM slipped 2.8 points to 85.1.
In a month of roller coaster-like changes in economic confidence, consumers gave their personal finances remarkably consistent ratings.
The Hudson Employment Index (SM) recorded its largest one-month drop in August, falling 6.6 points to 99.2. Nearly all factors contributing to the Index revealed lowered optimism. The latest reading is the weakest since September 2005 and 3.7 points lower than last August’s Index.
Economic confidence among small business owners fell in August after briefly rebounding last month as small business owners expressed less confidence in the economic conditions for their business and experienced more cash flow issues, according to the Discover(R) Small Business Watch(SM).
Three-quarters (75 percent) of U.S. workers think companies have responsibilities to the community.
After months of registering one of the highest levels of worker confidence, sentiment among Tampa employees recorded its second consecutive record low in July. The city’s Hudson Employment IndexSM fell 4.5 points to 91.6 in July. Layoff fears, weakened finances and lower job satisfaction contributed to the decrease. The Index for Tampa registered 118.7 one year ago. The national Index, based on responses from approximately 9,000 workers nationwide, rose 4.6 points to 105.8 in July.
