Worker sentiment has declined sharply, reaching its lowest point in nine years according to Glassdoor. Only 43.6% of employees report a positive outlook for their employers. This represents a decrease from May's 44.4%. Confidence is notably lower than during the COVID-19 pandemic in 2020. Legal sector employees experienced the largest drop at 11.2 percentage points. Other sectors showing major declines include energy, mining, and utilities. The sectors with the worst employee outlooks currently include restaurants, government, and manufacturing, all reflecting heightened pessimism among workers.
Employee sentiment dropped to its lowest level in at least nine years, driven by a weakening job market and anxiety over the economy.
The latest reading of Glassdoor's Employee Confidence Index showed that 43.6% of workers had a positive outlook for their employer, the lowest since 2016.
Employee confidence dropped the most in the last month among white-collar industries, with legal sector workers reporting a decline of 11.2 percentage points.
Workers in restaurants and food service exhibited the most pessimism, with only 35.6% expressing a positive outlook.
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