CA Workers’ Confidence Tumbles in August
Worker confidence stumbled in California in August, as the state’s Hudson Employment Index SM fell 8.8 points to 100.3. This is the lowest reading since September 2005. Concern around finances and hiring, as well as lower levels of job satisfaction, triggered the drop. California’s latest monthly measure of worker confidence is more than ten points lower than last August’s reading. The national Index, based on responses from approximately 9,000 workers across the country, also plunged 6.6 points to 99.2.