By: A record low number of layoffs led to a surge in IT worker confidence in November, according an index released by Hudson, a New York-based staffing and outsourcing company.
The increase in tech worker confidence - up 6.2 Index points to 115.8 - is attributed to improved sentiments regarding personal finance as well as decreased concern about job security. IT worker confidence is up 14.8 points from November 2005, and a total 12.7 points since August 2006.
For more on a related topic, see IT Worker Confidence Grows Amid Weakening Economic Outlook
Hiring expectations remained almost steady from October, dropping 1 point from 38 to 37 percent in November. Yet, at 14 percent, the number of workers reporting that their company would be laying off staff reached an all-time low in November, falling nearly 5 percent from the month prior.
Confidence in personal finances boomed in November, rising 3 points from 48 to 51 percent since October. Fewer IT workers felt their financial situation was worsening in November, down 3 percent to 27 percent.
Down 4 percent from October, only 21 percent of IT workers were worried about losing their jobs in November.
Read the full story on eWeek.com: Low Layoff Rate Lifts IT Confidence
