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    Is the economy showing signs of unease? American workers are pessimistic about their employers' prospects!

    According to foreign media, a new index shows that...American workers are increasingly pessimistic about their employers' near-term business prospects。

    Glassdoor data shows that in July this year,American workers' confidence in their employers' prospects for the next six months fell to 47.6% from 53.4% a year ago.Glassdoor is a website where current and former employees anonymously rate companies.

    Is the economy showing signs of unease? American workers are pessimistic about their employers' prospects! (Figure 1)

    The Glassdoor Employee Confidence Index has been tracking market sentiment since 2016.

    Overall, the index shows that worker confidence in their employers has risen steadily since 2016, although there were some disruptions at the start of the epidemic, peaking in early 2022.The index fell back to its lowest level since the survey began, and most employees became pessimistic.

    Inside the company,The confidence of mid- and senior-level employees has declined the mostBy contrast, confidence among senior and junior staff was little changed from last year.

    "This may particularly reflect the pressure that middle managers may feel as companies scale back epidemic-era expansion," the report said.

    Directors and executives are far more optimistic.About two-thirds said they were optimistic about the company's prospects.

    From an industry perspective, the popularity of several industries has reversed.The recent wave of layoffs in the information industry has led to a significant decrease in confidence in the sectorThe industry experienced its largest decline since July 2022, whileThe mood in the construction industry has improved.

    Is the economy showing signs of unease? American workers are pessimistic about their employers' prospects! (Figure 2)

    Two years ago, more than 60% of tech workers were optimistic about the future, but last monthThis proportion dropped to 48.6%.Since July 2022, confidence in the manufacturing sector has fallen by 8 percentage points. Other sectors where confidence has declined include professional and business services and the financial sector.

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    Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.