Worker confidence among accounting and finance professionals increased 2.0 points, to 110.8, during April, according to the Hudson Employment Index. This reading is significantly higher than last April's 103.7 level. The composite Index also gained 1.5 points to register 107.7.
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The Hudson Employment Index for accounting and finance workers showed:
- While one-quarter of employees expected lay offs in March (a record-high), the concern leveled off this month, as only 20 percent of workers reported that sentiment in April.
- The number of workers reporting their organizations had plans to hire rose from 31 percent the previous month, to 37 percent in April.
- Workers are less confident in their finances, however, as the number rating their situations as excellent dropped four points, to 17 percent.
- Nearly three-quarters of workers were happy with their jobs in March, but only 70 percent made the same claim in April.
âRising energy prices and interest rates may overshadow the optimism employees have in the labor market in coming months,â Steve Wolfe, executive vice president, Hudson, North America, said in a prepared statement announcing the composite results. âWhile we don't expect worker confidence to fall dramatically, we are likely to see a softening as people struggle with greater day-to-day financial strain.â
The April Hudson-Index.com Hudson Employment Index is based on telephone surveys of 9,619 working Americans. 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. The Index tracks aggregate employment trends regarding career opportunities, hiring intentions, job satisfaction and retention. The data is compiled monthly by Rasmussen Reports, LLC, an independent research firm. Results are segmented into 11 cities and five occupational sectors. The Index also measures employee confidence by age, gender, race, and compensation. Next month's Index will be released on May 31.
Information regarding previous Hudson Employment Index results for accounting and finance professionals can be found at:
Confidence Slips Among Accounting and Finance Professionals and
Accounting Professional Confidence & Hiring Projections Increase Slightly.