Benefits July 3, 2007

Worker Confidence at Lowest Level in Nine Months

July 3, 2007 (PLANSPONSOR.com) - The Hudson Employment Index dove 5.7 points in June, driven by a combination of less expected hiring and heightened financial and job security concerns.
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According to a Hudson news release, the number of workers who said their employer had plans to hire fell nearly three points to 30% in June, while the number of workers concerned about losing their job rose one point to 19%, the highest level since last September.

In addition, the number of workers who said their financial situation was improving fell two points to 39% at the same time there was a three-point increase to 41% among employees who said their finances were getting worse. This sentiment was especially strong among health care workers as those who rated their finances as “excellent” or “good” fell four points in June to 42% (compared to 46% in May), and there was an eight-point increase to 48% among health care workers who reported their finances were getting worse.

While the number of health care workers expecting their companies to hire rose three points to 38%, the number forecasting layoffs rose one point to 15%, Hudson said. The number of health care workers worried about losing their job increased in June to 21% from 18%.

More information is at http://www.hudson-index.com .

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