After a slide in April, worker confidence among accounting and finance workers rose in May, as the group’s Hudson Employment Index increased 12.1 points, to 116.1.
Greater hiring expectations, fewer anticipated layoffs and higher levels of job satisfaction drove the increase, and the latest reading for the group was also 8.9 points higher than last May’s reading of 107.2.
The national index, based on responses from approximately 9,000 workers across all sectors, held steady in May, inching down 0.6 points, to 106.9.
The Hudson Employment Index for accounting and finance workers showed that:
- The number of workers who felt their finances were getting worse fell 5 points, to 35 percent, while those saying that their finances were improving increased 2 points, to 47 percent;
- More workers expected their company to increase headcount in the coming months (38 percent), an 11-point increase from April. Also, fewer workers anticipated layoffs in May (15 percent), than in April (20 percent); and,
- More workers reported being satisfied with their job in May (74 percent), than in April (67 percent).
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