Americans think they'll be out of work and are looking for jobs at highest rate in 10 years: NY Fed survey

Americans think they'll be out of work and are looking for jobs at highest rate in 10 years: NY Fed survey
https://finance.yahoo.com/news/americans-think-theyll-be-out-of-work-and-are-looking-for-jobs-at-highest-rate-in-10-years-ny-fed-survey-181754789.html

Summary

Certainly! Here are the key takeaways from the article:

• Unemployment Concerns: A recent survey by the Federal Reserve Bank of New York indicates that more Americans are worried about unemployment[^1^][1]. The average expected likelihood of becoming unemployed in the next four months reached 4.4%, the highest in the survey's 10-year history[^2^][2].
• Job Hunt Activity: Respondents are actively searching for new jobs, with 28.4% reporting job searches over the past four weeks—the highest level since March 2014[^3^][3].
• Labor Market Weakness: The Federal Reserve is monitoring labor market weakness, especially as the unemployment rate stands at 4.3%[^4^][4]. Economists warn that further deterioration could impact markets[^5^][5].
• Positive Economic Signs: Despite concerns, recent data shows positive signs for the economy, including easing consumer prices, strong retail sales, and falling initial unemployment benefit filings.

Please note that this is a concise summary, and the full article contains additional details and context.