Although 2022 was a tumultuous year for the U.S. economy and workforce, worker confidence rose steadily, reaching its highest point since 2019. While the WCI is steadily rising, worker confidence may fluctuate due to economic concerns, such as continued inflation and mass layoffs in industries like technology
The Worker Confidence Index (WCI) increased slightly, by 2 points, to 114.4, its highest level since the third quarter of 2019. Out of the WCI’s four indices, Job Security was the only metric to decrease, while Likelihood of a Raise increased the most, by 6 points to 128.3. This is now the highest level recorded by HRO Today, likely in response to inflation and an elevated consumer price index.
Read the full report to see how the Worker Confidence Index grew, and what factors are driving these results.