2007 Leaves Accounting, Finance Workers Glum

January 2, 2008 (PLANSPONSOR.com) - Increasing numbers of accounting and finance workers ended 2007 with glum looks on their faces as their confidence continued dropping, according to new data.

A news release said the December   2.5-point decline in the Hudson Employment Index to 90.5 represented the fifth straight drop and left the benchmark significantly below its December 2006 level of 106.

The composite Index, based on responses from approximately 9,000 workers across all sectors, also fell another 4.6 points to 87.3 in December.  

According to the announcement, the accounting and finance worker data showed:

  • Fewer were happy with their jobs in December (70%) than in November (74%).
  • There was a one-point drop to 24% among those who expected hiring at their company – the fifth straight decline.
  • The number of employees forecasting job cuts at their company fell two points to 20% in December.
  • Compared to November when 36% of accounting & finance employees said their financial situation was improving, a record-low 34% made that statement in December.
  • There was a two-point uptick to 52% in workers who rated their finances as “excellent” or “good.”
  • Eighteen percent of the workforce was worried about job security in December, down from 20% in November.

More information about the index is here .