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Expected Hiring Drops to Record Low in Twin Cities in November

Ending three consecutive months of declines, the Hudson Employment Index (SM) for Minneapolis-St. Paul inched up 1.1 points to 90 in November. More optimism around personal finances, layoffs and job security were offset by a significant drop in expected hiring. The latest measure of worker confidence for the Twin Cities is just a couple points lower than last November’s reading of 92.1. The national Index, based on responses from approximately 9,000 workers nationwide, plunged 8.9 points to a record low of 91.9.

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