The July survey revealed that the expected likelihood of unemployment rose to 4.4 percent, the highest since data began in 2014, indicating rising job insecurity.
A notable finding was that the share of workers searching for jobs surged to 28.4 percent, the highest since the survey started, suggesting increasing labor market volatility.
Despite the rise in unemployment and concern among workers, consumer spending remains robust, indicating that while perceptions of job security are low, economic activity continues.
The observed uptick in expected unemployment and shifts in job search behaviors hint at potential underlying issues in the labor market as economists monitor closely.
Collection
[
|
...
]