Worker confidence slipped at the beginning of 2024 after it hit a record high in the previous quarter. Job security fell for the third straight quarter. Workers felt that a promotion or a raise would be a little less likely. And they especially lost trust in company leadership.
However, the WCI was still higher than the same time last year, and the labor market continued to show remarkable resilience as it underpinned a strong U.S. economy. In the first quarter of 2024, the labor market outperformed expectations, adding more than 800,000 jobs, increasing wages, and maintaining a 3.8% unemployment rate.
Read the full report, sponsored by Yoh, to find out what drove worker confidence in 1Q’2024.
Published: May 14, 2024
