Economic indicators continue to indicate instability and turmoil. As the COVID-19 pandemic slowly loosened its grip on worldwide economies, Russia’s invasion of Ukraine brought historic inflation and uncertainty to the U.S. Although hiring efforts across industries brought worker confidence up in the beginning of 2022, fear of a potential recession has affected consumer and worker confidence.
However, even coupled with high inflation, the labor market continues recovering from COVID-19’s impact as unemployment reached and stayed at pre-pandemic lows.
Read our full report to see how the Worker Confidence Index remained relatively stable despite unsteady conditions.