Company outsourcing of jobs to smaller firms and the self-employed has created a created
a large pool of entrepreneurs who derive revenue from large companies.
Data collected as part of the Hudson Employment Index shows that more than 9 million workers now work in this segment of the economy. Many of these workers would probably have been employed directly by large companies at an earlier point in time.
The Hudson Employment Index inched up to its highest level of the year this month at 107.1. Last month, the Index was at 106.8. Thirty-three percent (33%) of workers say that their employers will hire more employees in the coming months.
The Hudson Employment Index remained steady this month at 106.8. That's essentially unchanged from last month's figure of 106.9. Overall, employee optimism about the workforce is up 7% from the beginning of the year.
Despite general satisfaction with their jobs, 60 percent of U.S. workers would seriously consider changing positions given the opportunity, according to survey data used to compile the premiere release of the Hudson Employment Index. Even among those individuals who are happy with their current job, a majority (52 percent) would consider moving on if offered a new position.
One year ago today, America's economic confidence was low and heading even lower. The Rasmussen Consumer Index kept falling in the week after Christmas until it reached the lowest level of 2002 on the very last day of that year. At 93.8, the economic confidence of American consumers had fallen more than 30 points in nine months.