If you're an American worker, you're probably worried about the future of your company. You're also are becoming more concerned about the overall U.S. business environment.
Those are the deteriorating opinions found by Glassdoor, a job site and online work community. In the approximately 70,000 responses that make up its May survey, 44% of workers expressed a positive six-month outlook for their companies—the lowest level recorded in the survey’s nearly 10-year history.
The downward trend began in March 2022, and coincided with inflation rising to a 40-year high and the Federal Reserve launching a series of interest rate hikes to combat rising prices.
Economists will also get a preliminary reading on consumer sentiment Friday from the University of Michigan. Analysts predict it could improve slightly after it returned to levels not seen since inflation peaked at 9% in June 2022. On Wednesday, we'll learn if May's inflation rate held steady at 2.3%.
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