U.S. Worker Confidence Index™ Snaps Three-Quarter Growth Streak, Opens 2023 Down 3.5 Points While Maintaining Year-Over-Year Increases
In the first quarter of 2023, the WCI decreased by 3.5 points to 110.9 following three consecutive quarters of increases.
- In the first quarter of 2023, the WCI decreased by 3.5 points to 110.9 following three consecutive quarters of increases.
- Perceived likelihood of a promotion also decreased, falling 11.3 points from 135.5 to 124.2 after consistent growth in the second half of 2022.
- “Despite non-linear growth, less-than-ideal economic conditions and widespread layoffs in certain sectors, worker confidence is continuing to find solid ground.
- Confidence among Hispanic employees increased the most, rising 4.5 percentage points from 46.5% to 51%, the highest level reported among any racial group.