Worker Confidence Plunges to Lowest Reading in Nearly Two Years

NEW YORK, NY – September 5, 2007 The Hudson Employment Index recorded its largest one-month drop in August, falling 6.6 points to 99.2. Nearly all factors contributing to the Index revealed lowered optimism. The latest reading is the weakest since September 2005 and 3.7 points lower than last August’s Index.

Hudson (NASDAQ: HHGP), a leading provider of permanent recruitment, contract professionals and talent management services worldwide, publishes the Hudson Employment Index, a monthly measure of U.S. worker confidence in the employment market.

Workers Fearful for their Finances August’s business news took a heavy toll on workers’ perceptions of their finances. There was a six-point drop (from 43 to 37 percent) in the number of workers who said their financial situation was improving. The last time the U.S. work force was this pessimistic regarding the direction of their finances was in October 2005, when the country was recovering from the devastation of Hurricane Katrina.

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