"Declining Worker Confidence: The State of the Job Market"

The Glassdoor Employee Confidence Index has dropped to its lowest level since 2016, reflecting concerns about job security amidst recent layoff announcements, despite the overall strength of the job market. While workers' sentiment may be influenced by their reference point, other measures such as consumer sentiment and job seeker confidence indicate a more positive outlook. However, the Federal Reserve's aggressive actions to combat inflation remain a significant concern in an otherwise robust labor market.