Legal Worker Confidence Plummets to All Time Low

[Bronco_Beerslug]

American worker's confidence still sinking and why not as our economy keeps sliding to a service economy of low wages and minimum or zero benefits.

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Legal Worker Confidence Plummets to All Time Low
October 4, 2006
Confidence among workers in the legal sector plunged in September, as the sector’s Hudson Employment Index (SM) fell 16.3 points to 97.9. The current reading is the lowest on record for the legal sector, as nearly all indices contributing to this month’s Index had a negative movement. The composite Index, which polls approximately 9,000 workers across all industries, also fell in September, dropping 2.4 points to 100.5.
The Index for workers in the legal sector showed:
· There was a dramatic 14-point drop to 67 percent in the number of professionals happy with their job.
· The number of workers concerned about job loss more than doubled, as that figure rose from 11 percent in August to 23 percent.
· Hiring expectations dropped six points as one-fourth of the work force forecast hiring in September, down from 31 percent the previous month.


· Compared to August when a third (32 percent) of workers said their finances were getting worse, 44 percent made the statement in September. During that same time-frame, the number of employees who said their financial situation was improving fell six points to 41 percent.
· Despite the drastic drop in confidence, there was still an optimistic six point-increase to 51 percent among workers who described their finances as excellent or good.


Hudson, one of the world’s leading professional staffing, outsourcing and human capital solution providers, also publishes the Hudson Employment IndexSM, a monthly measure of the U.S. workforce’s confidence in the employment market.
Hudson is a division of Hudson Highland Group, Inc. (HHGP) one of the world's leading professional staffing, retained executive search and human capital solution providers. More information is available at http://hudson.com/.
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