Lower Job Satisfaction Prompts Year-End Decline in Worker Confidence
Hudson Employment Index (SM) Falls 2.6 Points
The Hudson Employment Index (SM) fell 2.6 points to 102.7 in December, primarily as a result of lowered job satisfaction and increased job loss concerns. The monthly measure lost ground following a nearly four point rise in November. It also fell short of last December’s 103.4 Index. Despite the decline, hiring expectations held steady and December's Index was generally in line with readings throughout the second half of the year. Just 73 percent of workers said they were happy with their current job, a two point drop from November and the lowest reading since August 2005.
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