"Some 55% of employed Americans say they're concerned about losing their jobs, according to a recent Harris Poll conducted for Bloomberg News. That angst follows a drumbeat of layoff announcements by major employers, including Amazon.com Inc., Target Corp. and Starbucks Corp. Outplacement firm Challenger, Gray & Christmas Inc. calculated the most job cut announcements for any October in more than two decades."
"A 62% majority in the Oct. 23-25 poll said the cost of their everyday items had climbed over the last month and nearly half of those people said the increases have been difficult to afford. President Donald Trump and his aides have responded by putting a positive spin on the economic indicators and deflecting blame elsewhere - tactics President Joe Biden also used, to little avail - along with assuring things will get better."
Some 55% of employed Americans report concern about losing their jobs, amid a wave of layoffs from major employers such as Amazon, Target and Starbucks. Outplacement firm Challenger, Gray & Christmas recorded the most October job-cut announcements in over two decades. A 62% majority said everyday item costs climbed in the prior month, and nearly half of those people said increases were difficult to afford. The administration has put a positive spin on economic indicators, deflected blame and assured improvement. Persistent job-market anxiety and price pain raise the risk that Republicans could lose control of Congress in next year's midterms, while critics say current economic policies miss core voter pain points.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]