04/14/2025

Unemployment Fears Jump to Highest Level since the COVID-19 Pandemic

The mean perceived probability of losing one’s job rose to 15.7 percent

Not since the early weeks of the COVID-19 pandemic have Americans been this certain that unemployment will spike.

Consumers surveyed by the Federal Reserve Bank of New York in March put a 44 percent probability on the nation's jobless rate being higher a year later, marking the highest level since April 2020.

The New York Fed's latest Survey of Consumer Expectations data released Monday added more glum outlooks to the growing pile of sour sentiment readings from Americans at a time when unpredictable federal policies have caused uncertainty and recession fears to spike.

Please select this link to read the complete article from CNN.