Why Americans' confidence in finding a new job is tanking even as the labor market is humming along
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Americans are becoming more pessimistic about their chances of finding a new job if they lose their current one, according to the New York Fed's Survey of Consumer Expectations. As of April, the average probability of finding a new job within three months was 50.9%, the lowest since April 2021. This pessimism is seen across education levels, incomes, and regions of the US. The job market has become more challenging, with fewer job postings and increased competition among applicants. Americans looking for remote work and high-wage roles are facing difficulties. Some experts argue that people's pessimism about the economy may be due to the impacts of the pandemic. Despite the pessimism, the unemployment rate remains low and the US economy continues to add jobs.

#JobMarket #Unemployment #Economy #Pessimism #LaborMarket

https://www.businessinsider.com/americans-more-worried-finding-job-laid-off-unemployed-2024-5