Expectation of Losing One’s Job at Record High in NY Fed Survey
Job seekers wait in line to speak with representatives at a career fair in Los Angeles.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
The share of people who think they’re likely to be unemployed in the next four months reached a record high in a Federal Reserve Bank of New York survey of consumer expectations that dates back to 2014.
At the same time, there’s a rising number of consumers who expect to receive a job offer in the next months compared with a year ago. Overall, the NY Fed survey shows increased churn in the labor market, as well as workers who are increasingly dissatisfied with their wages and benefits and holding onto high pay expectation levels.