After almost two years of economic instability and damages caused by COVID-19, economic indicators have begun improving. Industries across the board began recovering and rehiring, bringing worker confidence up. Even the hardest hit industries like leisure, hospitality, and professional services continued to slowly bounce back as the pandemic’s impact began to subside.
However, a recent astronomic rise in inflation reversed some of the progress businesses made as the world opened up. In the U.S., inflation rose to 8.5%, the highest rate since 1981. Typically, when the stock market decreases, worker confidence tends to follow.
Download our Worker Confidence Index for First Quarter 2022 to learn more about the changing state of worker confidence and how the first quarter foreshadows the year still ahead.