According to The Kobeissi Letter (@KobeissiLetter), the Glassdoor employee confidence index has decreased by 12 percentage points, reflecting a significant drop in employee optimism regarding their employer's business outlook. As of February, only 44% of employees held a positive view, marking the lowest sentiment since the data collection began in 2016. This trend could potentially impact consumer spending and economic growth, posing risks for financial markets.

According to The Kobeissi Letter, the share of employees with a positive view of their employer’s business outlook has fallen to 44% in February, marking the lowest point since data collection began in 2016. The decline in the Glassdoor Employee Confidence Index by 12 percentage points indicates increasing pessimism about the job market, which could potentially impact consumer spending and economic growth, influencing market trends and investor decisions.