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Philadelphia Worker Confidence Up Despite Drop in Expected Hiring

After reaching a 2006 low in August, the Hudson Employment Index (SM) for Philadelphia workers rose nearly two points to 89.4 in September. Increased job security sparked the up-tick in local worker confidence. Compared to last year at this time, when the local Index was 80.0, worker confidence is up over nine points. However, the latest reading still remains over 20 points lower than the beginning of the year. Conversely, the composite Index, based on responses from approximately 9,000 workers nationwide, fell 2.4 points to 100.5.

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