Labor market sentiment is collapsing: The share of employees...

Labor market sentiment is collapsing:

The share of employees with a positive view of their employer’s business outlook over the next 6 months fell to 44.1% in May, a record low.

The Glassdoor employee confidence index has also dropped 11.5 percentage points since the 2022 peak.

Uncertainty mentions in Glassdoor reviews spiked +63% year-over-year and sit near the highest since the 2020 pandemic.

At the same time, mentions of layoffs jumped +18% to the highest in 5 years.

Job market sentiment is plummeting.

https://x.com/KobeissiLetter/status/1935345004236423538