Hudson Employment Index(SM) Rises to Highest Level of the Year
June 30 2004 - 7:00AM
PR Newswire (US)
Hudson Employment Index(SM) Rises to Highest Level of the Year
Monthly Measure of Employee Confidence Climbs 3.1 points to 107.9
in June NEW YORK, June 30 /PRNewswire-FirstCall/ -- The Hudson
Employment Index(SM) rose sharply in June, signaling continued
strong job creation by the U.S. economy in the second quarter. The
Index rose 3.1 points to 107.9, its 2004 high. The rise is the
largest single-month increase in employee confidence recorded by
the Index this year. Overall, the numbers of employees and managers
who report that their companies are adding jobs are at their
highest level of the year (see chart). The percentage of workers
who reported their employers have plans to hire grew 6 percent from
May to 34 percent, while only 17 percent of workers reported their
firms are laying off staff. Private-sector employees maintained
their confidence in the job market for a third consecutive month
with 39 percent reporting hiring. The percentage of managers who
say that their firms are hiring jumped to 36 percent in June from
33 percent in May. "The labor market seems to have regained its
momentum after taking a breather last month," said Jeff Anderson,
senior vice president of Hudson Global Resources. "The percentage
of workers that report hiring in their companies has reached its
highest level this year, recording a 17 percent increase over
December of last year." He adds, "The trend displayed by the Index
in the first six months of the year leads us to believe that the
recovery in the job market is likely to be sustained, even though
there may be month-to-month fluctuations." Percentage of
respondents who say their companies are hiring in coming months.
Dec 03 Jan Feb Mar Apr May June All Workers 29 31 31 33 33 32 34
Managers 32 33 32 35 35 33 36 Private-Sector Employees 32 36 36 38
39 39 39 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 August 4, 2004. The Hudson Employment
Index The Hudson Employment Index (Hudson-Index.com) 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, LLC, an
independent research firm (RasmussenReports.com). Data reported in
this release is based upon a national telephone survey of 9,189
working Americans during the month of June. 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. 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
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; IT &
Telecommunications; Legal; and Sales & Marketing. Hudson is a
division of Hudson Highland Group, Inc. (NASDAQ:HHGP) one of the
world's leading professional staffing, retained executive search
and human capital solution providers. More information is available
at Hudson.com. Special Note: Safe Harbor Statement Under the
Private Securities Litigation Reform Act of 1995: Except for
historical information contained herein, the statements made in
this release constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such forward-looking
statements involve certain risks and uncertainties, including
statements regarding the company's strategic direction, prospects
and future results. Certain factors, including factors outside of
our control, may cause actual results to differ materially from
those contained in the forward- looking statements, including
economic and other conditions in the markets in which we operate,
risks associated with acquisitions, competition, seasonality and
the other risks discussed in our Form 10-K and our other filings
made with the Securities and Exchange Commission, which discussions
are incorporated in this release by reference. DATASOURCE: Hudson
CONTACT: Jennifer Bernhart of Hudson, +1-813-890-7379, or ; or
Anshula Ahluwalia of Ogilvy Public Relations, +1-312-397-6074, or ,
for Hudson Web site: http://www.hhgroup.com/
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