IT Worker Confidence Grows Amid Weakening Economic Outlook

By Deborah Rothberg  |  Posted 10-06-2006

Amid widespread reports of slowed job growth and the looming possibility of an unemployment rate about to swell, IT worker confidence rebounded in September, according to the New York-based Hudson Employment Index's report, released Oct. 4.

Worker confidence among IT professionals nearly recovered in September, according to the release, as Hudson's IT index increased 6.2 points to 109.3, over September 2005.

Fewer IT workers expected their companies to make cuts in September compared with August of this year, down to 18 percent from 24 percent.

The number of IT professionals concerned about their job security in September was down to 23 percent from 28 percent the month prior; however, the number of technology workers who expressed happiness with their jobs fell from 78 percent to 75 percent in September.

Up from 44 percent in August, more than half of responding IT professionals (51 percent) stated that their finances were improving, with 16 percent (compared to 14 percent in August) describing their finances as excellent.

Read the full story on eWeek: IT Worker Confidence Grows Amid Weakening Economic Outlook