Post #43982 by PucksFool on the US Policy board

Halls of Shrewd'm / US Policy ❤

Unthreaded | Threaded | Whole Thread (1)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 2

But the good news is that the billionaires with Trump last week made more billions when Trump goosed the market.

https://finance.yahoo.com/news/americans-braced-fo...
Unemployment concerns are on the rise among American workers as fears about the labor market in March reached levels last seen during the pandemic, according to a new survey released by the Federal Reserve Bank of New York on Monday.

The NY Fed's survey showed mean unemployment expectations among respondents — or the mean probability that the US unemployment rate will be higher one year from now — jumped 4.6 percentage points to 44% last month, the highest level since April 2020.

The average expected likelihood of becoming unemployed in the next 12 months increased by 1.6 percentage points in March to 15.7%, the highest level since March 2024. The increase was largest for respondents with annual household incomes below $50,000.

Meanwhile, the average probability of leaving one's job voluntarily in the next 12 months ticked up only slightly, rising by 0.4 percentage points to 18%, far below the 12-month trailing average of 19.7%.

The survey, which also noted declining expectations around household income growth, comes as Trump's tariff whipsaw has wreaked havoc on consumers' (and Wall Street's) expectations about the future of the US economy.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (1)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.