Hudson Highland Group, Inc. (ticker: HHGP, exchange: NASDAQ Global Market (.O))
News Release -
Hudson Employment Index(SM) Hits Another New High Monthly Measure of Employee Confidence Climbs to 108.4 in July
NEW YORK, Aug. 4 /PRNewswire-FirstCall/ - The Hudson Employment Index(SM)
continued its ascent in July, reaching a record high of 108.4 for the year and
surpassing all previous ratings for the second month in a row. The increase in
the Index over the last couple of months indicates that the outlook for the
employment market is firmly upbeat among U.S. workers. The Index posted an
increase of .5 points, from 107.9 last month.
Workers continued to report confidence in their personal financial
situations despite a slight drop in the hiring they anticipate at their
companies. 45 percent of workers now say their personal finances are getting
better. That's an improvement from 43 percent a month ago and 40 percent the
month before. The percentage of workers reporting hiring at their companies
fell just one point from June to 33 percent. This figure has held relatively
steady since the end of the first quarter. The percentage of managers who say
their companies are hiring fell two points to 34 percent from last month's
reading which was the highest of the year.
"U.S. workers continue to be optimistic about their personal finances and
are confident that their employers have steady hiring plans. Based on the
momentum in employee confidence that we have seen in the last six months, this
is positive news, even in the midst of the traditionally slow hiring season,"
said Jeff Anderson, senior vice president of Hudson Global Resources.
Percentage of respondents who say their companies are hiring in coming
Dec '03 Jan '04 Feb Mar Apr May Jun Jul
All Workers 29 31 31 33 33 32 34 33
Managers 32 33 32 35 35 33 36 34
Private-Sector Employees 32 36 36 38 39 39 39 39
Hudson, one of the world's leading professional staffing, outsourcing and
human capital solution providers, publishes the Hudson Employment Index, a
monthly measure of the U.S. workforce's confidence in the employment market.
Next month's Hudson Employment Index will be released on September 1, 2004.
The Hudson Employment Index
The Hudson Employment Index (Hudson-Index.com) measures the U.S.
workforce's confidence in the employment market. Based upon monthly telephone
surveys with approximately 9,000 U.S. workers, the Index tracks aggregate
employment trends around career opportunities, hiring intentions, job
satisfaction and retention. The Index is compiled each month by Rasmussen
Reports, LLC, an independent research firm (RasmussenReports.com).
Data reported in this release is based upon a national telephone survey of
8,854 working Americans during the month of June. The margin of sampling
error for a survey based upon this many interviews is approximately 1 percent
with a 95 percent level of confidence. The data is not seasonally adjusted.
It will be reviewed at year-end to determine if seasonal adjustments are
appropriate. The Hudson Employment Index is a service mark owned by Hudson
Highland Group, Inc.
Hudson delivers specialized professional staffing, outsourcing and human
capital solutions worldwide. From single placements to total solutions, the
firm assesses, recruits and develops talent to meet the specific business
needs of each client. Global practice areas include Accounting & Finance;
Engineering, Operations & Scientific; Healthcare; Human Resources; IT &
Telecommunications; Legal; and Sales & Marketing.
Hudson is a division of Hudson Highland Group, Inc. (Nasdaq: HHGP) one of
the world's leading professional staffing, retained executive search and human
capital solution providers. More information is available at Hudson.com.
Special Note: Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995: Except for historical information contained
herein, the statements made in this release constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such forward-looking
statements involve certain risks and uncertainties, including statements
regarding the company's strategic direction, prospects and future results.
Certain factors, including factors outside of our control, may cause actual
results to differ materially from those contained in the forward- looking
statements, including economic and other conditions in the markets in which we
operate, risks associated with acquisitions, competition, seasonality and the
other risks discussed in our Form 10-K and our other filings made with the
Securities and Exchange Commission, which discussions are incorporated in this
release by reference.
CONTACT: Jennifer Bernhart of Hudson, +1-813-890-7379, or
firstname.lastname@example.org; or Anshula Ahluwalia of Ogilvy Public Relations,
+1-312-397-6074, or email@example.com, for Hudson
Web site: http://www.hhgroup.com