Another Month, Another Blow to Twin Cities Workers’ Confidence
The Hudson Employment Index (SM) for Minneapolis-St. Paul fell 7.5 points to 95.1 in September. The Index for this group has tumbled more than 14 points in the past two months. September’s drop was largely a result of worsened sentiments about personal finances, less expected hiring and an increase in anticipated layoffs. The Twin Cities’ latest reading is in line with last September’s reading of 94.9. The national Index, based on responses from approximately 9,000 workers nationwide, dropped for the second month in a row, falling 2.1 points in September to 97.1.