Current sentiments in the workforce indicate a growing unease regarding job stability and the overall economy. After experiencing a temporary shift of power during the Great Resignation, workers now face an ongoing climate of uncertainty, reflecting the transition from the Big Stay to the Big Cling. Recent data shows consumer confidence dropping sharply, attributed to fears about income and job prospects, as evidenced by The Conference Board's expectations index hitting a twelve-year low, suggesting a looming recession ahead.
Consumer sentiment has been on the downswing recently, in part because people are feeling queasy about work. The Conference Board's consumer confidence index fell in March, driven largely by declines in people's outlooks on income, business, and the labor market.
The concerns about the future pushed the Conference Board's expectations index to its lowest point in 12 years, below the level that tends to signal a recession.
Collection
[
|
...
]