U.S. worker confidence in the employment market declined in May, as the Hudson Employment Index fell 5.4 points to 102.3. Lowered optimism regarding personal finances and less anticipated hiring contributed to the drop.
A quarter century after Ronald Reagan rode the tax revolt to the White House, Americans continue to believe that tax cuts help the economy and tax hikes hurt.
Worker confidence in the U.S. labor market remained strong in April as the Hudson Employment Index(SM) climbed 1.5 points to 107.7. The April reading, which is 5.3 points higher than this time last year, was fueled by a surge in hiring expectations among employees and managers.
The number of workers expecting their employers to boost headcount in the coming months rose two points in April to an all-time high of 34 percent. Private sector workers were even more optimistic with 40 percent expecting their firms to add staff.
