"Since late 2025, the average American thinks they have a roughly 45% chance of landing a new job, worse odds than during the depths of the COVID-19 pandemic in 2020."
"Consumer sentiment about current economic conditions fell by 12.5% year over year, as Americans anticipated that their personal finances and the short-term economic outlook would take a hit."
"Job hunters are spending longer stretches without work, as the median number of weeks spent unemployed ticked up over the last few months."
"More than a quarter of those without work have been unemployed for 27 weeks or more, indicating a troubling trend in the job market."
Survey data from the Federal Reserve Bank of New York reveals that Americans believe they have a 45% chance of finding a new job within three months if they lose their current position. This sentiment is worse than during the COVID-19 pandemic and mirrors the slow recovery from the Great Recession. Consumer sentiment has declined significantly, with many anticipating negative impacts on personal finances due to rising gas prices and stock market volatility. Job seekers are facing longer unemployment durations, with a median of 11.5 weeks, and a growing number of long-term unemployed individuals.
Read at www.businessinsider.com
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