Job Market Indicator - Employee Outlook (Patreon)

FedChair Jerome Powell has repeatedly described the labor market as “solid” and “broadly in balance,” and I repeatedly mock him.... the Data Lies... he needs better data. He has no clue what is coming.

FFWD to this chart above... the statistic from the Glassdoor Employee Confidence Index indicates that employee confidence in their job outlook has dropped like a stone, reaching an all-time low of 44.11% in May 2025. This means that only 44.11% of employees reported having a positive outlook for the next six months. Chart shows a general upward trend in confidence from 2016 (around 47%) to a peak of 55.59% around 2021-2022, followed by a sharp decline into 2025.

We now have the worst ever pessimism among employees about their job security and future prospects.