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October 3, 2007
CHICAGO - Worker expectations of record low U.S. hiring pushed an employment index down 2.1 points to 97.1 in September, a private survey said Wednesday.
The hiring-expectations decline cut the Hudson Highland Group Inc.'s Hudson Employment Index to one of its lowest levels since September 2005, when the measure fell to its historic low of 96.8.
The index registered 100.5 in September 2006.
Twenty-eight percent of U.S. workers said they expected their employers to add staff in the coming months, down 2 points from August, the index said.
The percentage of workers forecasting layoffs held steady at 16 percent.
The portion of workers concerned about losing their job remained steady at 18 percent.
Thirty-six percent of U.S. workers said their personal financial states had improved, down 1 point from August and down 7 point from July.
At the same time, workers saying their financial situations got worse fell 1 point to 39 percent from August's 40 percent.
The index reading for managers fell 5 points to 106.2, with 42 percent saying their finances had improved, down from August's 46 percent.
There was also a one-point drop to 28 percent among managers expecting hiring increases.
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