Record Low Hiring Expectations Dwindle LA Worker Confidence
The Hudson Employment Index (SM) for Los Angeles fell 3.1 points to 93.3 in September. Fewer hiring expectations and more anticipated layoffs were offset by an increase in satisfaction with finances. The city’s latest Index is more than seven points lower than last September’s score of 100.6. The composite Index, which is based on responses from approximately 9,000 workers nationwide, dropped for the second month in a row, falling 2.1 points in September to 97.1.