SOURCE: Hudson

April 04, 2007 06:00 ET

U.S. Workers Remain Optimistic in March

Hudson Employment Index Rises for Third Consecutive Month

NEW YORK, NY -- (MARKET WIRE) -- April 4, 2007 --The Hudson Employment Index(SM) climbed to 109.0 in March from 107.1 in February. Improved sentiment regarding personal finances and job satisfaction prompted the third consecutive monthly rise in worker optimism. The latest reading is nearly three points stronger than last March's Index of 106.2.

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.

Looking at the findings more closely, the number of workers who rated their finances as "excellent" or "good" rose two points in March to 46 percent. Additionally, three-quarters of the work force indicated they were happy with their job, a one-point gain from February. Expectations around hiring and layoffs were unchanged, holding at 32 percent and 14 percent, respectively.

"Despite some recent worrisome news regarding the economy, particularly in the housing sector, U.S. workers remain upbeat about the job market," said Robert Morgan, president, Hudson Talent Management. "Instead, low unemployment and steady, albeit somewhat slower, job growth are established trends that can help explain why most of the work force seems undeterred by bad news."

Confidence among all managers slipped in March due to weakened sentiment relating to their finances. Specifically, the number who indicated their financial situation was improving fell three points to 49 percent, while there was a four-point jump in the number who said it was getting worse.

                    All Workers    All Workers    Managers    All Workers
                     Mar 2007       Feb 2007      Mar 2007     Mar 2006
                     --------       --------      --------     --------

Hudson                 109.0          107.1         118.0        106.2
Employment Index

Expected Hiring         32%            32%           33%          32%

Indicated Finances      37%            36%           33%          37%
are Getting Worse

Happy with Job          75%            74%           79%          75%

*A more detailed data report is available at www.hudson-index.com.

Results are not seasonally adjusted. Next month's Hudson Employment Index will be released on May 2.

The Hudson Employment Index

The Hudson Employment Index (www.Hudson-Index.com) 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 (www.RasmussenReports.com).

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 9,082 working Americans during the month of March. 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

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 www.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.

Contact Information

  • Contact:
    Sarah Kafenstok
    Hudson
    (312) 795-4202
    Email Contact

    Anshula Ahluwalia
    Ogilvy Public Relations for Hudson
    (312) 397-6074
    Email Contact