{"id":46539,"date":"2025-09-08T21:45:36","date_gmt":"2025-09-08T21:45:36","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/americans-confidence-in-finding-a-new-job-falls-to-record-low\/"},"modified":"2025-09-08T21:45:36","modified_gmt":"2025-09-08T21:45:36","slug":"americans-confidence-in-finding-a-new-job-falls-to-record-low","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/americans-confidence-in-finding-a-new-job-falls-to-record-low\/","title":{"rendered":"Americans&#8217; confidence in finding a new job falls to record low"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>Job seekers&#8217; confidence in finding new employment has fallen, a new\u00a0<a href=\"https:\/\/www.newyorkfed.org\/newsevents\/news\/research\/2025\/20250908\" target=\"_blank\" rel=\"nofollow noopener\">survey<\/a>\u00a0reveals, another sign of Americans&#8217;\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/cbs-news-poll-economy-ratings-uncertain-03-09-2025\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">negative views<\/a><\/span> of the economy.<\/p>\n<p>According to the Federal Reserve Bank of New York&#8217;s <a href=\"https:\/\/www.newyorkfed.org\/newsevents\/news\/research\/2025\/20250908\" target=\"_blank\" rel=\"nofollow noopener\">Survey<\/a> of Consumer Expectations, the average &#8220;perceived probability&#8221; of finding a new job after losing one fell 5.8% points to 44.9% among heads of households surveyed in August, the lowest measure on record since 2013 when the New York Fed began collecting data.<\/p>\n<p>At the same time, Americans are increasingly worried about losing their current job. Expectations that the U.S. unemployment rate will be higher a year from now crept up 1.7 percentage points to 39.1%. The data comes as Americans adopt a more solemn view of the economy overall. According to a recent CBS News a\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/cbs-news-poll-economy-ratings-uncertain-03-09-2025\/\" data-invalid-url-rewritten-http=\"\">recent CBS News poll<\/a><\/span>, a majority continue to say the economy is getting worse, as opposed to better.\u00a0<\/p>\n<p>The survey paints a bleak picture of the labor market, which has been under a microscope since July&#8217;s employment data showed <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/jobs-report-today-july-2025-economy-tariffs-trump-doge\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">weaker-than-expected<\/a><\/span> job growth and sharp downward revisions for the months of June and May. August&#8217;s data, released Friday, pointed to a slump in U.S. hiring, with <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/jobs-report-august-2025-economy-trump-hiring-bls\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">employers adding 22,000 jobs<\/a><\/span>. Unemployment also ticked up to 4.3%, the <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/jobs-report-today-august-2025-three-takeways-federal-reserve\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">highest rate<\/a><\/span> since October 2022.\u00a0<\/p>\n<h2>&#8220;Low-fire, low-hire&#8221;\u00a0<\/h2>\n<p>Experts describe the current conditions as a &#8220;low-fire, low-hire&#8221; environment.\u00a0<\/p>\n<p>&#8220;Employers may be holding onto their current workers amid uncertainty, but they are not adding new positions,&#8221; Allison Shrivastava, economist at Indeed Hiring Lab, told CBS MoneyWatch. &#8220;In turn, employees have taken the hint, staying in their current jobs rather than seeking new opportunities.&#8221;<\/p>\n<p>According to a recent Bankrate survey, about half of Americans are <a href=\"https:\/\/www.bankrate.com\/banking\/american-worker-intentions-survey\/\" target=\"_blank\" rel=\"nofollow noopener\">planning to search for a new job<\/a> in the next year. At the same time, <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/job-hoppers-tighter-labor-market-bank-america\/\" data-invalid-url-rewritten-http=\"\">data shows<\/a><\/span> that the number of people actually changing jobs has slowed significantly since 2022, when millions of people quit their jobs during the &#8220;Great Resignation.&#8221; During this period, workers had more negotiating power because labor supply disruptions created heightened demand for workers. That balance, however, has started shifting back in favor of employers in recent years.<\/p>\n<p>A recent <a href=\"https:\/\/institute.bankofamerica.com\/content\/dam\/economic-insights\/labor-market.pdf\" target=\"_blank\" rel=\"nofollow noopener\">analysis<\/a> from Bank of America shows that the percentage of its customers leaving their jobs has largely trended downward from a more than 26% peak in 2022, and is now just slightly above the job change rate in 2019, at <a href=\"https:\/\/www.bls.gov\/news.release\/jolts.htm\" target=\"_blank\" rel=\"nofollow noopener\">3.3%<\/a>. Experts say that&#8217;s mainly because there are fewer opportunities for people to switch jobs and general unease with the state of the labor market.<\/p>\n<p>&#8220;If this stagnation continues, unemployment \u2014 and layoffs \u2014 will increase, further weakening the labor market,&#8221; said Shrivastava.<\/p>\n<p>The Fed, which is tasked with maintaining a robust job market and low inflation, has acknowledged that the <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/jobs-employment-slowdown-layoffs-federal-reserve-jerome-powell-charts\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">downside risks<\/a><\/span> to employment are rising. This strengthens the likelihood that the central bank will cut rates at its next meeting, which is scheduled for Sept. 16 to 17.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n        <\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/mary-cunningham\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Mary  Cunningham<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at &#8220;60 Minutes,&#8221; CBSNews.com and CBS News 24\/7 as part of the CBS News Associate Program.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/job-seekers-confidence-hits-record-low-as-unemployment-risks-rise\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Job seekers&#8217; confidence in finding new employment has fallen, a new\u00a0survey\u00a0reveals, another sign of Americans&#8217;\u00a0negative views of the economy. According<\/p>\n","protected":false},"author":1,"featured_media":46540,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[7584,958,7658],"class_list":["post-46539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-bank-of-america","tag-federal-reserve","tag-federal-reserve-board"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Americans&#039; confidence in finding a new job falls to record low - World News<\/title>\n<meta name=\"description\" content=\"Americans&amp;#039; confidence in finding a new job fell to the lowest measure on record, new government survey shows.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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