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Workers Confidence Holds Steady in June

Wednesday, July 05, 2006

After declining in May, U.S. worker confidence in the employment market held steady in June, as the Hudson Employment Index(SM) shifted up 0.1 points to 102.4. The latest Index reading is lower than last June, when it registered 103. This marks the first time since January that the current Index is lower than the same time last year.

For three consecutive months, workers have increasingly described their finances negatively. Specifically, the number of workers who believed their financial situation was getting worse has risen to 43 percent, an increase of four points since March.

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