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Philadelphia Worker Confidence Rises for Third Straight Month

Worker confidence in Philadelphia improved for the third consecutive month in January, as the city’s Hudson Employment Index (SM) rose 1.6 points to 91.6. Improved perceptions of finances prompted the uptick, but they were offset by a decrease in expected hiring. Despite the gain, the city’s measure of worker sentiment is down nearly 10 points from last January, when it registered 110.2. The composite Index, based on responses from approximately 9,000 workers nationwide, rose 1.5 points this month to 104.2.

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