Mood by Finance, IT Workers Unremarkable in February

March 8, 2006 (PLANSPONSOR.com) - Worker confidence in one industrial sector was up slightly while another headed downward in February, according to the latest data from the Hudson Employment Index

In the accounting and finance arena, worker confidence saw a tiny uptick of .4 points in February to 113 on the Index – up from the 110.5 reported a year earlier, according to aHudson news release.

According to the latest data, the number of accounting and finance workers not concerned about losing their jobs rose from 74% in January to 76% in February. While the percentage of workers expecting their firms to hire inched up a point to 35%, the number expecting layoffs also rose four points to 22%.

Meanwhile, confidence among IT workers continued dropping in February, as the sector fell another 4.4 points to 104.6. The Hudson Employment Index for IT workers also showed that:

  • One-third (33%) of IT workers indicated that their employers had plans to hire, down from 38% in January.
  • The number of workers concerned about job security increased from 22% at the start of the year to 28% in February.
  • There was also a measured drop in the percentage of IT workers happy with their jobs – from 75% to 73%.

The overall index, which surveys about 9,000 workers nationwide, was up 5.6% to 108.2, according toHudson.

Detailed results are available at www.hudson-index.com/ .

«