After a large jump in January, worker confidence among accounting and finance workers cooled off in February, according to the Hudson Employment Index.
The index for the segment fell 7 points last month, to 113.5, fueled mostly by decreased job satisfaction and increased worry about job loss. However, the latest reading for the group remains virtually unchanged from last February’s 113. The national index, based on responses from approximately 9,000 workers across all sectors, climbed nearly 3 points to 107.1.
The accounting and finance worker index also revealed that:
- Fewer employees said that they are happy with their job (70 percent), than in January (78 percent);
- More than one-third of employees (35 percent) reported that their company will be hiring in the coming months, an increase over January (32 percent); and,
- A greater number of workers reported that they are worried about losing their job in February (18 percent), than in January (13 percent).
At the national level, since December the number of workers who indicated that their finances were improving has been steadily gaining 1 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 1 point each month, dropping to 36 percent. The 7-point differential between the figures is the strongest in the past two years.
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