SOURCE: Hudson

May 02, 2007 06:00 ET

Worker Confidence Eases in April Following Record High

Hudson Employment Index Slips 1.5 Points Due to Financial Concerns

NEW YORK, NY -- (MARKET WIRE) -- May 2, 2007 -- Worker confidence edged lower in April, as the Hudson Employment Index(SM) fell 1.5 points to 107.5. Despite the decline, the April figure is among the highest from the past year. Financial concerns and lower levels of job satisfaction triggered the drop. The latest reading is essentially level with April 2006, when the Index registered 107.7.

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 Up, Job Satisfaction Down

Specifically, the number of workers who said their financial situation was improving fell two points to 42 percent in April, and the number who said it was getting worse rose a point to 38 percent. There was also a one-point uptick to 16 percent of employees who described their finances as "poor." Another factor that contributed to April's Index drop was a two-point decline among workers who were happy with their job to 73 percent.

"After appearing unaffected by rising energy prices for the past couple of months, U.S. workers are beginning to reveal the toll that paying $3.00 for a gallon of gas has taken on their wallets," said Robert Morgan, president, Hudson Talent Management. "On the other hand, job growth and low unemployment persist and continue to sustain worker sentiment."

April 2007 vs. April 2006 -- Looks Can Be Deceiving

Despite the nearly identical readings in April 2006 and 2007, there are quite a few differences in the factors contributing to the Hudson Employment Index year-over-year. In particular, significantly fewer workers forecasted layoffs and were concerned about job security this April than one year prior. Conversely, there were greater expectations around hiring last April compared to this year. Those specific data points can be found in the accompanying chart.

                    All Workers   All Workers   All Managers   All Managers
                     Apr 2007      Apr 2006      Apr 2007       Apr 2006
                    -----------   -----------   ------------   ------------
Hudson
 Employment Index      107.5         107.7         118.6          116.7
Expected Hiring         33%           34%           33%            34%
Expected Layoffs        14%           17%           14%            18%
Worried About Job
 Security               18%           21%           16%            19%
*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 30.

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 9,098 working Americans during the month of April. 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

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    Hudson
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    Anshula Ahluwalia
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