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January 13, 2026

The job market might be tighter than you think

Here’s what the data said about the labor market in 2025: Hiring slowed. Layoffs, as proxied by initial jobless claims, remained near historic lows. And workers were in no big rush to quit their jobs. Taken together, these numbers might suggest a softening labor market, with fewer jobs and less competition for workers. But hiring and employment churn are only part of the equation. Wages are another. And pay growth was robust in 2025.
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The EMC Index, which tracks how people think and feel about their jobs, weakened for the fourth straight month to hit its lowest measure since June.
The EMC Index, which tracks how people think and feel about their jobs, weakened for the fourth straight month to hit its lowest measure since June.
EMC Index

December 16, 2025

Employee sentiment fell in December

by Mary Hayes, Ph.D. • Jared Northup

The EMC Index, which tracks how people think and feel about their jobs, weakened for the fourth straight month to hit its lowest measure since June.
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Employee sentiment weakened in November for the third consecutive month, but there were bright spots. Transportation and warehousing and construction both rose to record highs.
Employee sentiment weakened in November for the third consecutive month, but there were bright spots. Transportation and warehousing and construction both rose to record highs.
EMC Index

November 18, 2025

Employee sentiment weakened in November

by Mary Hayes, Ph.D. • Jared Northup

Employee sentiment weakened in November for the third consecutive month, but there were bright spots. Transportation and warehousing and construction both rose to record highs.
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The EMC Index, which tracks how people think and feel about their jobs, lost ground in October for the second month. Only three sectors showed improvement.
The EMC Index, which tracks how people think and feel about their jobs, lost ground in October for the second month. Only three sectors showed improvement.
EMC Index

October 21, 2025

Employee sentiment weakened in October

by Mary Hayes, Ph.D. • Jared Northup

The ADP Research Employee Motivation and Commitment Index, which tracks how people think and feel about their jobs, lost ground in October for the second month. Only three sectors showed improvement.
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The EMC Index, which tracks how people think and feel about their jobs, shed a point in September after four months of record highs.
The EMC Index, which tracks how people think and feel about their jobs, shed a point in September after four months of record highs.
EMC Index

September 16, 2025

Employee sentiment dipped in September

by Mary Hayes, Ph.D. • Jared Northup

The EMC Index remained steady in September after a run of record highs. Sentiment weakened among workers in manufacturing, health care, and information.
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The EMC Index, which tracks how people think and feel about their jobs, hit a fourth consecutive record in August, rising 2 points to 149.
The EMC Index, which tracks how people think and feel about their jobs, hit a fourth consecutive record in August, rising 2 points to 149.
EMC Index

August 19, 2025

Employee sentiment climbs to fourth consecutive record

by Mary Hayes, Ph.D. • Jared Northup

The EMC Index, which tracks how people think and feel about their jobs, hit a fourth consecutive record in August, rising 2 points to 149. Finance and insurance maintained its momentum for the fifth straight month.
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Employee sentiment hit yet another record in July, led by big jumps in manufacturing and educational services.
Employee sentiment hit yet another record in July, led by big jumps in manufacturing and educational services.
Worker sentiment EMC Index

July 15, 2025

Employee sentiment climbs to another record high

by Mary Hayes, Ph.D. • Jared Northup

The EMC Index, which tracks how people think and feel about their jobs, rose to a third straight record high in July, climbing eight points to 147.
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Employee sentiment jumped 7 points in June, hitting a record high for the second straight month.
Employee sentiment jumped 7 points in June, hitting a record high for the second straight month.
Worker sentiment EMC Index

June 17, 2025

Employee sentiment hit record high in June

by Mary Hayes, Ph.D. • Jared Northup

Employee sentiment jumped 7 points in June, hitting a record high for the second straight month.
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Employee sentiment climbed three points May to a record, with five of the series’ 10 sectors showing improvement.
Employee sentiment climbed three points May to a record, with five of the series’ 10 sectors showing improvement.
EMC Index

May 20, 2025

Employee sentiment index hit record high in May

by Mary Hayes, Ph.D. • Jared Northup

The ADP Research Employee Motivation and Commitment Index, which tracks how people think and feel about their jobs, rose three points to a record high in May.
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