Accounting and finance industry workers grew more confident about the employment market in June, as a result of heightened confidence in their personal finances and increased job satisfaction, according to the Hudson Employment Index.
The index for sector workers climbed 6.4 points from 106.8 to 113.2 in June, which is the strongest it has been since December 2004. The national index also rose 3.1 points from 99.9 to 103.0 this month. The index is compiled each month by an independent research firm and is based upon telephone interviews and survey responses from approximately 9,000 U.S. workers.
Optimism regarding personal finances also increased among sector workers in June, with the number of respondents rating them as excellent or good rising from 52 percent to 61 percent. Employees claiming that their finances were getting better also rose by 6 points, to 51 percent. Renewed confidence in personal finances was a trend prevalent throughout the overall workforce in June.
Job satisfaction in the accounting and finance industry was also at its highest point since the beginning of the year, with nearly 73 percent of industry employees claiming that they're happy in their current job. However, industry workers grew less confident about their companies' hiring plans, with the percent expecting their firm to lay off staff rising 2 points to 22 percent this month.
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