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Worker Confidence Strong

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. Not since October 2004 has confidence on the hiring front been so bullish among workers. Managers echoed that sentiment, 34 percent reporting this month that they expected their firms to be hiring, up from 32 percent the previous month.

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