2008 Employment Outlook: Ask a sentimental worker

On the Radar: Thursday, December 6th, 2007

On CNNMoney.com today:

Bleak Hiring Expectations and Financial Outlook Contribute to Drop in Worker Sentiment

The Hudson Employment Index fell 8.9 points in November to a record low of 91.9. Growing concerns about hiring and signs of personal financial strain triggered the decline. In stark contrast, the Index registered 105.3 one year ago, more than 13 points above the current reading...

The number of workers anticipating hiring at their companies fell three points to 25 percent in November. This marks the fewest workers to expect job growth in the history of the Hudson Employment Index. There was also a two-point jump to 17 percent among people expecting their employer to cut staff, the highest level for this response in nearly two years.

Read the rest here...

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