SOURCE: Hudson

May 30, 2007 06:00 ET

Finance Concerns Continue to Weigh on U.S. Workers

Hudson Employment Index Edges Down 0.6 Points in May

NEW YORK, NY--(Marketwire - May 30, 2007) - Worker confidence held steady in May, as the Hudson Employment Index(SM) inched down 0.6 points to 106.9. Financial worries alongside a modest decline in hiring expectations triggered the second consecutive downturn. Nevertheless, the latest Index is well above last May, when it registered 102.3.

Hudson (NASDAQ: HHGP), a leading provider of permanent recruitment, contract professionals and talent management services worldwide, publishes the Hudson Employment Index, a monthly measure of U.S. worker confidence in the employment market.

Financial Concerns Escalate

After spiking to 44 percent in March, the number of workers who said their finances were improving has slipped to 41 percent in May, marking the fewest employees to make this statement since December. This figure fell one point from April. There was also a one-point dip to 45 percent in the number of workers who described their finances favorably in May.

"Record gas prices this early in the year have increased workers' anxiety when it comes to their finances," said Robert Morgan, president, Hudson Talent Management. "To help ease this burden, which will likely only intensify in the summer months, employers should consider supporting their staff with gas-saving initiatives including carpooling, flextime and telecommuting."

Hiring Expectations Point to Uncertainty

Following six consecutive months of stability or steady improvements, the number of workers forecasting hiring inched down a point to 32 percent in May. On the other hand, more managers said they expected their employer to add staff, boosting this group's overall measure of confidence.

                            All         All         All         Enterprise
                            Workers     Workers     Workers     Employees
                            May 2007    Apr 2007    May 2006    May 2007
                            ----------  ----------  ----------  ----------
Hudson Employment Index          106.9       107.5       102.3       104.9
                            ----------  ----------  ----------  ----------
Expected Hiring                     32%         33%         32%         37%
                            ----------  ----------  ----------  ----------
Personal Finances Improving         41%         42%         40%         39%
                            ----------  ----------  ----------  ----------
Worried About Job Security          18%         18%         20%         19%
                            ----------  ----------  ----------  ----------
*A more detailed data report is available at

Results are not seasonally adjusted. Next month's Hudson Employment Index will be released on July 3. Please note that this is one day earlier than it is typically released due to the July 4th holiday.

The Hudson Employment Index

The Hudson Employment Index ( is based on monthly telephone surveys with approximately 9,000 U.S. workers. The Index tracks aggregate employment trends regarding career opportunities, hiring intentions, job satisfaction and retention. The data is compiled each month by Rasmussen Reports, LLC, an independent research firm (

Survey results are segmented by 11 cities: Atlanta, Boston, Chicago, Dallas, Los Angeles, Minneapolis-St. Paul, New York, Philadelphia, San Francisco, Tampa, and Washington, D.C. The Index surveys five occupational sectors: accounting and finance, health care, information technology, manufacturing and legal. The Hudson Employment Index also measures employee confidence by age, gender, race and compensation.

Data reported in this release is based on a national telephone survey of 9,223 working Americans during the month of May. The margin of sampling error for a survey based on this number of 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 (NASDAQ: HHGP) is a leading provider of permanent recruitment, contract professionals and talent management services worldwide. From single placements to total outsourced solutions, Hudson helps clients achieve greater organizational performance by assessing, recruiting, developing and engaging the best and brightest people for their businesses. The company employs more than 3,600 professionals serving clients and candidates in more than 20 countries. More information is available at

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.

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