NEW YORK, July 6 (UPI) -- A private group's measure of confidence among U.S. workers rebounded in June.
The Hudson Employment Index gained three points, from 99.9 to 103.0, last month, Hudson North America reported Wednesday.
That's the highest reading since January's 107.0, but well below the 107.5 in the same period one year ago.
The increase was driven by improved perceptions of personal finances and a decline in the number of workers concerned about job loss.
After four months of steady decline, 42 percent of workers said their finances are getting better, up from 39 percent a month ago. Conversely, the percent reporting their situation was getting worse fell three points to 39 percent. Additionally, 45 percent of workers now rate their personal finances as good or excellent, up from 43 percent the previous month.
"The rebound in worker confidence we saw this month has more to do with workers' self-interests than with companies' overall hiring plans," said Jeff Anderson of the New York-based group.