UK Workers’ Job Confidence Dips in 2019
Arslan Butt • 1 min read
According to a survey by the Centre for Economics and Business Research along with Monster.co.uk, workers’ confidence and job security has dived 10% since 2018 to 67%. Nearly half of the 9,000 workers surveyed indicated that they didn’t expect any career progress happening in the next five years.
Workers in the retail and small business sectors expressed the least confidence in their professional future. Increasing concerns over Brexit were the key drivers behind this fall in jobs confidence among workers in the UK.
According to CEBR economist, Josie Dent, the British economy is on the verge of a slowdown, with weakening inflation, a dip in retail sales and contraction in the manufacturing sector. Workers are getting increasingly concerned about the potential impact of the deteriorating economy on their professional lives.
Productivity continues to remain low, as does wage growth, which has workers worried about changing jobs or even asking for a raise. CEBR also expects unemployment to increase in 2019.