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Worker Confidence Continues to Increase, According to Hudson Employment Index; Monthly Measure of Employee Confidence Climbs to 108.9 in August.

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- The Hudson Employment Index(SM) continued its ascent in August to 108.9, marking a half-point increase from July and revealing another small, yet steady rise in employee confidence in the labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience . A key factor contributing to the rise in the Index is the decline in the percentage of workers worried about losing their jobs, which dropped to 17 percent this month, matching its lowest reading of the year.

Nationwide, the percentage of employees who anticipate hiring in their firms remained stable with 33 percent of workers and 34 percent of managers reporting that they expect their employers to add staff. Private sector workers continued to be more bullish than the overall workforce, with 39 percent reporting hiring plans by their employers for the fifth straight month. Meanwhile, the number of workers rating their personal finances as excellent or good has grown incrementally, peaking this month at 45 percent.

"Employees are maintaining an overall positive outlook on jobs despite current debate about the strength of the labor market," said Jeff Anderson, senior vice president of Hudson Global Resources. "Since the beginning of the year, we have seen a notable increase in the demand for staffing and outsourced solutions. In fact, the number of consultants that Hudson North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  has placed grew over 30 percent since January."

Percentage of respondents who say their companies are hiring in coming months
Dec '03  Jan '04  Feb  Mar  Apr  May  Jun  Jul  Aug
   All Workers         29       31   31   33   33   32   34   33   33
    Managers           32       33   32   35   35   33   36   34   34
    Employees          32       36   36   38   39   39   39   39   39

Of particular note is that in Florida, where residents are still dealing with the aftermath of Hurricane Charley This article is about the Atlantic hurricane of 2004; for other storms named Hurricane Charley, see Hurricane Charley (disambiguation).
Hurricane Charley was the third named storm, the second hurricane, and the second major hurricane of the 2004 Atlantic hurricane season.
, employee confidence dropped significantly last month. The Florida Index declined from 116.9 in July to 108.6 in August.

Hudson, one of the world's leading professional staffing, outsourcing and human capital solution providers, publishes the Hudson Employment Index, a monthly measure of the U.S. workforce's confidence in the employment market. Next month's Hudson Employment Index will be released on September 29, 2004.

The Hudson Employment Index

The Hudson Employment Index ( measures the U.S. workforce's confidence in the employment market. Based upon monthly telephone surveys with approximately 9,000 U.S. workers, the Index tracks aggregate employment trends around career opportunities, hiring intentions, job satisfaction and retention. The Index is compiled each month by Rasmussen Reports Rasmussen Reports is an American public opinion polling firm. Founded by pollster Scott Rasmussen, the company updates its President's job approval rating daily and publishes at least one poll a month for each United States Senate and state governor race on its website. , LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, an independent research firm (

Data reported in this release is based upon a national telephone survey of 9,568 working Americans during the month of August. The margin of sampling error for a survey based upon this many interviews is approximately 1 percent with a 95 percent level of confidence. The data is not seasonally adjusted Seasonally adjusted

Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year.
. It will be reviewed at year-end to determine if seasonal adjustments are appropriate. The Hudson Employment Index is a service mark owned by Hudson Highland Group, Inc.


Hudson delivers specialized professional staffing, outsourcing and human capital solutions worldwide. From single placements to total solutions, the firm assesses, recruits and develops talent to meet the specific business needs of each client. Global practice areas include Accounting & Finance; Engineering, Operations & Scientific; Healthcare; Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. ; IT & Telecommunications; Legal; and Sales & Marketing.

Hudson is a division of Hudson Highland Group, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:HHGP HHGP Hudson Highland Group, Inc ) one of the world's leading professional staffing, retained executive search and human capital solution providers. More information is available at

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See 10-K.
 and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
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Publication:Business Wire
Geographic Code:1USA
Date:Sep 1, 2004
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