According to The Kobeissi Letter, labor market sentiment has sharply declined, with only 44.1% of employees expressing a positive view of their employer’s business outlook for the next six months as of May 2025—a record low. The Glassdoor employee confidence index has also dropped by 11.5 percentage points since its 2022 peak (source: The Kobeissi Letter on Twitter, June 18, 2025). This weakening sentiment signals broader economic uncertainty, which historically leads to increased volatility in both traditional and cryptocurrency markets. Traders should monitor these labor indicators closely, as negative outlooks tend to correlate with risk-off moves in major crypto assets like BTC and ETH.