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The Great Gloom: Employee Satisfaction Drops to 3-Year Low

Despite a small slip from the second to third quarter and from 2022 to 2023, construction still reigns as the happiest industry.

By Alan Goforth | November 08, 2023 at 09:00 AM

“Since the beginning of January 2023, employee happiness has been in freefall, showing a strong correlation between economic conditions and employee happiness and engagement,” according to Gallup’s “State of the Global Workplace 2023” report. It continues: “Job security and income stability are essential factors affecting micro job satisfaction, as well as macro consumer confidence and economic growth.”

This unhappiness is hurting businesses as well as individual employees. Low employee engagement reduced global GDP by $8.8 trillion, Gallup found. “If you’re not thriving at work, you’re unlikely to be thriving at life,” the report explains.

That said, happiness varies significantly by industry:

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