Quantcast

US workers more pessimistic about finances, survey finds

July 5, 2006

NEW YORK (Reuters) – U.S. workers are more pessimistic
about their personal finances, a trend that began about three
months ago, a monthly employment survey reported on Wednesday.

The survey, by staffing company Hudson Highland Group Inc.,
found that 43 percent of workers believe their financial
situation is getting worse, up 4 points since March, while 18
percent describe their finances as poor, a 3-point increase
since March.

Hudson, which surveys about 9,000 U.S. workers, said
pessimism has grown for three consecutive months, citing a
softening of the U.S. economy, driven in part by high energy
prices.

It said large employers have more options to help workers
by providing options like carpools and mileage reimbursement.
As a result, confidence among workers at bigger companies is
up.

“Larger organizations are less likely to be affected by the
current softening,” Steve Wolfe, executive vice president of
Hudson, North America, said in a statement.

A broader measure of labor conditions rose in June. The
Hudson Employment Index was up one-tenth of a point to a
reading of 102.4. But that is below levels the index reached in
the first four months of 2006, and below its level of a year
ago.


Source: reuters



comments powered by Disqus