SOURCE: Hudson

March 07, 2007 06:00 ET

Workers and Managers Agree -- More Hiring on the Way

Hudson Employment Index(SM) Rises 2.9 Points to 107.1

NEW YORK, NY -- (MARKET WIRE) -- March 7, 2007 -- The Hudson Employment Index(SM) improved for the second consecutive month in February, climbing 2.9 points to 107.1. An increase in the number of workers forecasting hiring primarily triggered the rise, supported by the third month-over-month improvement in workers' perceptions of their finances. Despite gaining almost four and half points since December, the latest Index is nearly one point shy of last February's reading of 108.2.

High Hopes for Hiring

After holding steady at 30 percent for three months in a row, the number of employees expecting their organization to hire rose two points to 32 percent in February. This is the most optimistic the work force has been regarding job creation since July 2006. At the same time, expectations regarding layoffs held at a record low of 14 percent.

Managers on the Same Page

Managers echoed workers' sentiment, as their gauge of optimism rose to its highest level on record in February. As with all workers, an increase in the number of managers anticipating hiring from 30 percent in January to 33 percent spurred their rise in confidence.

"According to the Hudson Employment Index, workers and managers alike expect sustained strong job growth as more employers step up their hiring efforts in the months to come," said Steve Wolfe, senior vice president, Hudson. "Thus far, the work force seems undeterred by news of weakness in certain sectors of the economy."

Personal Finances Improve One Step at a Time

Since December, the number of workers who indicated their finances were improving has been steadily gaining one point each month, reaching 43 percent in February. The opposite is true for the number of workers who said their financial situation was deteriorating, which fell one point each month, dropping to 36 percent. The seven-point differential between the two figures is the strongest in two years.

                                   All        All                   All
                                 Workers    Workers    Managers   Workers
                                 Feb 2007   Jan 2007   Feb 2007   Feb 2006
                                ---------  ---------  ---------  ---------
Hudson Employment Index             107.1      104.2      120.8      108.2
                                ---------  ---------  ---------  ---------
Expected Hiring                        32%        30%        33%        33%
                                ---------  ---------  ---------  ---------
Indicated Finances are
 Improving                             43%        42%        52%        43%
                                ---------  ---------  ---------  ---------
Indicated Finances are Getting
 Worse                                 36%        37%        29%        39%
                                ---------  ---------  ---------  ---------

*A more detailed data report is available at

Hudson, one of the world's leading professional staffing, outsourcing and talent management solutions providers, publishes the Hudson Employment Index, a monthly measure of U.S. worker confidence in the employment market. Results are not seasonally adjusted. Next month's Hudson Employment Index will be released on April 4.

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 9,167 working Americans during the month of February. 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.

About 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

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