American worker confidence rebounded in the first quarter after falling in the previous two quarters, according to the latest national Worker Confidence Index released by staffing provider Yoh and HRO Today magazine.

The index measures four drivers of worker confidence: likelihood of job loss, likelihood of promotion, likelihood of a raise and trust in company leadership. Confidence levels rose across all four categories in the first quarter to a total reading of 96.8 from a reading of 94.2 in the fourth quarter of last year.

“Interestingly, the three largest gains in the Worker Confidence Index were seen in the three non-financial categories of job security, promotion and trust in leadership,” said Andy Roane, VP of recruitment process outsourcing for Yoh. “The lag in expected raise potential likely means employees, though confident about job outlook overall, are playing a wait-and-see approach before expecting any increase in wages following a challenging fourth quarter of 2015.”

However, the first-quarter reading of 96.8 this year is 3.4 points lower than the first quarter of 2015.

The report also found men are more optimistic about receiving promotions and raises than women, but not job security.