September 9, 2025 8:00am EDT
Americans hit record low confidence in finding new jobs since tracking began in 2013
New York Fed survey reveals broad decline across age and education groups with high school graduates hit hardest
\By Eric Revell FOXBusiness
The Federal Reserve Bank of New York on Monday released new data that showed American households are increasingly pessimistic about finding a new job if they lose their current job. It is the lowest level since the New York Fed began collecting data for the series in June 2013.
The New York Fed's Center for Microeconomic Data released its Survey of Consumer Expectations for August, which showed that the average perceived probability of finding a job if the respondent were to lose their current job plunged last month to a new low amid economic uncertainty.
The perceived probability of finding a new job if one's current job was lost dropped 5.8 percentage points last month, falling to 44.9%.
"The decline was broad-based across age, education, and income groups, but it was most pronounced for those with at most a high school education," the New York Fed explained.
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https://www.foxbusiness.com/economy/americans-hit-record-low-confidence-finding-new-jobs-since-tracking-began-2013
