US consumers’ expectations of finding work hit new low – study
Mean perceived probability of a newly unemployed person finding a job fell to 44.9%
US consumers’ expectations of finding work should they become unemployed have reached a new low, a study by the Federal Reserve Bank of New York has found.
The latest monthly Survey of Consumer Expectations, published on September 8, says the figure is at its lowest level since the bank began measuring the data in 2013.
The survey says the mean perceived probability of finding work has fallen by 5.8 percentage points to 44.9%. The previous low point, during the pandemic in December 2020, was 46.2%
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