2 in 5 Expect a Raise This Year

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There's much reason to believe the labor market just can't get over the hump. The unemployment rate, for instance, has just dipped below 7.0 percent for the first time since November, 2008, according to the Bureau of Labor Statistics, but is still above where it stood before the financial crisis. And last month saw the addition of only 74,000 new jobs in the U.S. economy, a lower figure than what was hoped for. But here's one reason to feel confident about the labor market -- 42 percent of workers polled by employment website Glassdoor in their quarterly employee confidence survey say they expect a pay raise in the next 12 months. That's the best result in two years since the first quarter of 2012, when the figure stood at 43 percent.

Originally published