Workers in Los Angeles were more confident about the job market in December than workers nationwide, but they were also less happy with their current positions than those in the rest of the U.S., according to a new survey.
The Hudson Employment Index, which gauges workers' confidence in the employment outlook, gave L.A. a 109.4 rating, 5.8 points higher than the national reading of 103.6. The national reading for December was the lowest in all of 2004.
The L.A. job market demonstrated general strength, despite the insecurity that comes with working in a town where showbiz is a major industry. Nearly 35 percent of local workers polled expected their employers to add staff this year, vs. 31 percent nationally. However, 23 percent were worried about losing their jobs compared with only 19 percent of workers nationwide. And a higher percentage of local workers reported that they were job-hunting.
Workers in the L.A. area were also more satisfied with their personal finances: 47 percent rated them as "excellent" or "good" vs. 43 percent nationally. And 44 percent of the local workforce said their personal financial situation had improved, while only 42 percent of national workers made that claim.
In general, urban workers were found to be more optimistic about their future prospects. More than half said their next job would be better than their current one, while only 49 percent of national workers believed this to be the case.
For reprint and licensing requests for this article, CLICK HERE.