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U.S. Workers Forecast Less Hiring on the Horizon

Hudson Employment Index (SM) Falls 2.4 Points to 100.5

The Hudson Employment Index (SM) decreased to 100.5 in September, the lowest reading so far this year. A drop in both expected hiring and job satisfaction influenced the 2.4-point decline. Nevertheless, the latest reading is well above the 96.8 recorded last September, when the country was coping with the aftermath of Hurricanes Katrina and Rita.

Notably, the percentage of workers expecting their employers to add staff fell two points from August to 29 percent. This is the least optimistic workers have been about their companies’ hiring plans since last September. There was also a one-point drop to 74 percent among workers happy with their job.

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