Twin Cities Worker Confidence Worsens
Monday, December 11, 2006 at 8:10 am
The overall confidence of Twin Cities workers fell for the second straight month in November, according to a report from Hudson.
The Hudson Employment Index fell to 92.1, a drop of 1.9 points from October. The index matched August’s low for 2006, and was a full 12 points lower than at the same time last year.
42% of workers surveyed indicated that their finances were worsening, compared to 41% who said things were improving. 19% of workers indicated that their companies had plans to layoff workers, a 2% increase.
Minneapolis/St. Paul had the third-lowest confidence score in the nation. Tampa had the highest level of confidence, at 117.0, while New York City was lowest, with an index of 83.5. Philadelphia also trailed the Twin Cities with an index of 87.6. The overall national confidence level was 105.3, up sharply from October.
According to Hudson, “the Hudson Employment Index measures the U.S. workforce’s overall confidence in the employment market. It tracks aggregate trends affecting employment such as hiring intentions, financial security and job satisfaction.”
14 Comments
Comment posted December 11, 2006 @ 9:04 am
Election day hangover The stock market started it’s nosedive on November 8th.
Looks like people who were wearing lampshades on their heads and dancing on table tops on November 7th are just starting to sober up.
That’s what happens when you drink too much fever swamp kool-aid kiddies.
But don’t sweat it Feckeless, it’s only two years until the next election…people won’t make the same mistake twice.
Comment posted December 11, 2006 @ 9:17 am
So, then…. By your logic, things are great everywhere in the US thanks to the Democrats?
After all, from the story above:
“The overall national confidence level was 105.3, up sharply from October.”
Comment posted December 11, 2006 @ 9:29 am
Not every state is watching it’s largest employers (3M) leave for sunnier (business) climates. And don’t forget Ford.
Are they going out of business? Nope. They’re simply heading for states with sane workers comp., taxation and non-union work environments.
I’m betting that states like Alabama and Texas are singing a hap, hap, happy tune.
3M spent $2.5 Billion the last few years on it’s chem plant in Alabama..I know because they hired me to do process controls there (paid me a bundle too baby).
Also, I was involved in dismantling 3M’s tape manufacturing facility in Bristol, PA. It was the very first plant 3M opened outside of MN…it was also one that shut down every few years because of union strikes…oh, yeah…we moved the equipment to a nice non-union plant in Brookings S. D.
How’s South Dakota’s index?
Comment posted December 11, 2006 @ 9:49 am
They don’t survey South Dakota. Why would they? There’s nothing there.
However, here’s the list: http://www.hudson-index.com
Tampa 117.0
Atlanta 115.0
Washington DC 111.8
Dallas 110.7
Los Angeles 109.3
San Francisco 108.3
National Rate 105.3
Chicago 99.6
Boston 97.2
Minn/St Paul 92.1
Philadelphia 87.6
New York 83.5
Gee, LA, Frisco, and DC are all outpacing the nation.. where are they from?
Truthfully, you can’t draw much of an ideological picture from the states listed–some red, some blue. Certainly, though, Minnesota is well behind most of the nation–and well behind Minnesota one year ago.
Comment posted December 11, 2006 @ 11:45 am
Ahhh…. “Truthfully, you can’t draw much of an ideological picture from the states listed–some red, some blue.”
So the numbskull that pilots the “Moderate Left” blog must have been off his meds when he wrote:
“HECKUVA JOB, TIMMY”
http://moderateleft.com/?p=2852
Right?
Comment posted December 11, 2006 @ 11:47 am
Jeff Fecke Hey, the Twin Cities is near the bottom of the rankings. There may not be a clear ideological pattern to all states, but it’s clear Minnesota is lagging the nation; if that strikes you as a ringing endorsement of Pawlenty, good for you–it fits with your general worldview of GOP good, DFL bad.
Comment posted December 11, 2006 @ 1:17 pm
Don’t say that I never gave you anything. It would be easier if I could enjoy a deep bong hit first I’m sure, but let me try and understand this…
There is no ideological pattern, except if the state is lagging the nation and it has a GOP Governor.
You are clueless Feck, so let me help you out.
Minnesota’s business sector has been heading down the tubes for at least two decades.
We’ve lost Whirpool, Fisher nuts, all of the breweries (except Summit) Anderson windows has moved much of it’s manufacturing to other states, 3M is on the way out..the list goes on and on.
Manufacturing is done in Minnesota. The high tech sector is booming, but the population has not been keeping up with the demands of the industry.
I’ll agree that Pawlenty has not been the friend to business that one would expect of a conservative..but he is not a conservative.
Take a moment to research the battle that businesses have been waging against the state over workers comp., and then have a peek into the history of the state’s reinsurance board (a quasi-public monopoly), the WRCA..
Then compare that information with states that are prospering;
it will provide a bit of history from which you can improve your knowledge of what you’re trying to comment about.
Comment posted December 11, 2006 @ 3:04 am
Election day hangover The stock market started it's nosedive on November 8th.
Looks like people who were wearing lampshades on their heads and dancing on table tops on November 7th are just starting to sober up.
That's what happens when you drink too much fever swamp kool-aid kiddies.
But don't sweat it Feckeless, it's only two years until the next election…people won't make the same mistake twice.
Comment posted December 11, 2006 @ 3:17 am
So, then…. By your logic, things are great everywhere in the US thanks to the Democrats?
After all, from the story above:
“The overall national confidence level was 105.3, up sharply from October.”
Comment posted December 11, 2006 @ 3:29 am
Not every state is watching it's largest employers (3M) leave for sunnier (business) climates. And don't forget Ford.
Are they going out of business? Nope. They're simply heading for states with sane workers comp., taxation and non-union work environments.
I'm betting that states like Alabama and Texas are singing a hap, hap, happy tune.
3M spent $2.5 Billion the last few years on it's chem plant in Alabama..I know because they hired me to do process controls there (paid me a bundle too baby).
Also, I was involved in dismantling 3M's tape manufacturing facility in Bristol, PA. It was the very first plant 3M opened outside of MN…it was also one that shut down every few years because of union strikes…oh, yeah…we moved the equipment to a nice non-union plant in Brookings S. D.
How's South Dakota's index?
Comment posted December 11, 2006 @ 3:49 am
They don't survey South Dakota. Why would they? There's nothing there.
However, here's the list: http://www.hudson-index.com
Tampa 117.0
Atlanta 115.0
Washington DC 111.8
Dallas 110.7
Los Angeles 109.3
San Francisco 108.3
National Rate 105.3
Chicago 99.6
Boston 97.2
Minn/St Paul 92.1
Philadelphia 87.6
New York 83.5
Gee, LA, Frisco, and DC are all outpacing the nation.. where are they from?
Truthfully, you can't draw much of an ideological picture from the states listed–some red, some blue. Certainly, though, Minnesota is well behind most of the nation–and well behind Minnesota one year ago.
Comment posted December 11, 2006 @ 5:45 am
Ahhh…. “Truthfully, you can't draw much of an ideological picture from the states listed–some red, some blue.”
So the numbskull that pilots the “Moderate Left” blog must have been off his meds when he wrote:
“HECKUVA JOB, TIMMY”
http://moderateleft.com/?p=2852
Right?
Comment posted December 11, 2006 @ 5:47 am
Jeff Fecke Hey, the Twin Cities is near the bottom of the rankings. There may not be a clear ideological pattern to all states, but it's clear Minnesota is lagging the nation; if that strikes you as a ringing endorsement of Pawlenty, good for you–it fits with your general worldview of GOP good, DFL bad.
Comment posted December 11, 2006 @ 7:17 am
Don't say that I never gave you anything. It would be easier if I could enjoy a deep bong hit first I'm sure, but let me try and understand this…
There is no ideological pattern, except if the state is lagging the nation and it has a GOP Governor.
You are clueless Feck, so let me help you out.
Minnesota's business sector has been heading down the tubes for at least two decades.
We've lost Whirpool, Fisher nuts, all of the breweries (except Summit) Anderson windows has moved much of it's manufacturing to other states, 3M is on the way out..the list goes on and on.
Manufacturing is done in Minnesota. The high tech sector is booming, but the population has not been keeping up with the demands of the industry.
I'll agree that Pawlenty has not been the friend to business that one would expect of a conservative..but he is not a conservative.
Take a moment to research the battle that businesses have been waging against the state over workers comp., and then have a peek into the history of the state's reinsurance board (a quasi-public monopoly), the WRCA..
Then compare that information with states that are prospering;
it will provide a bit of history from which you can improve your knowledge of what you're trying to comment about.
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