From CNBC:

The Glassdoor Employee Confidence Index fell to its lowest level in 2016, “It’s a signal employees are concerned heading into 2024,” said economist Daniel Zhao. This deterioration is likely due to a wave of layoff announcements in recent weeks, so far in 2024, tech firms including Amazon, eBay, Google, and Microsoft have announced job cuts.

Despite recent layoffs, economists say the US job market remains robust. The unemployment rate has been below 4% for two years, and U.S.-based companies announced 722,000 job cuts in 2023. Across the board, layoffs and hiring continue to hover near historic lows.

While some measures shows deteriorating confidence in the job market, others signal a rosier view. For example, consumer sentiment jumped 13% in January to its highest level since July 2021. Housing values and stock prices are at record highs. Despite wage growth outpacing inflation, prices are noticeably more expensive than they were two to three years ago.



Read more: Workers are sour on the job market — but it may not be warranted