Households’ confidence in job safety slumps to six-month low

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Your help makes all of the distinction. Learn extra Individuals’s confidence of their job safety slumped to the weakest stage in six months in February, based on an index.

The analysis discovered individuals’s perceptions of their job safety previously month dipped to the bottom stage since August final 12 months, based on the information from YouGov and the Centre for Economics and Enterprise Analysis (Cebr).

Any rating within the index which is increased than 100 signifies constructive sentiment, whereas a rating of lower than 100 signifies unfavorable sentiment.

The job safety measure sat in unfavorable territory at 92.6, down by 1.1 since January.

Nevertheless, households had been discovered to be extra optimistic in regards to the 12 months forward, with the forward-looking job safety measure having a rating of 117.6.

The general client confidence index sat at 108.7, with enhancements seen in forward-looking perceptions of home costs and private funds.

Sam Miley, head of forecasting and thought management at Cebr, stated: “The advance in confidence to this point this 12 months has coincided with a pointy deceleration in inflation.

“Nevertheless, a serious threat has since emerged within the type of escalating battle within the Center East. The following volatility in commodity markets and potential for move by way of to UK client costs might injury monetary perceptions within the months forward.

“In the meantime, beneath the headline enhance within the confidence metric, job safety perceptions have reached their weakest stage in six months, in an extra signal of the loosening labour market evidenced by official publications.”

Individuals’s views on their family’s monetary state of affairs for the subsequent 12 months obtained a rating of 95, which is an enchancment since earlier in 2026, though it's nonetheless in unfavorable territory, the report stated.

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There are indicators that individuals are gaining confidence within the housing market, as perceptions across the outlook for residence values went up by 3.2 to achieve a rating of 134.8 – the third month-to-month enhance in a row.

YouGov carries out greater than 6,000 interviews a month with views being given on the previous 30 days and expectations for the approaching 12 months.