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Hudson Employment Index Falls Two Points

After undergoing a steady rise since June, the Hudson Employment Index (SM) declined to 106.9 in September, marking a two point decrease from its previous reading of 108.9. Its fall reflects a significant drop in employee confidence in the labor market in the last month. Key contributing factors include the decline in the percentage of workers reporting that their next job will be better, which dropped to 47 percent this month from 50 percent last month, and the percentage of workers reporting improvement in their personal finances, which fell to 43 percent from 45 percent last month.

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