US EditionWorker confidence in finding a new job hits record low in New York Fed survey
A Federal Reserve Bank of New York survey reports 44.9% job-finding confidence, the lowest since 2013, amid slow hiring and high unemployment rates for minorities and teenagers.
- On September 9, 2025, new data from the New York Fed revealed that workers' optimism about securing a new job if they lost their current one has declined to its lowest level since the survey began in 2013.
- This decline resulted from broad-based pessimism amid a slowing U.S. job market, with less hiring and rising economic uncertainty, especially for lower-education groups.
- A survey of 1,300 heads of U.S. households revealed that the likelihood respondents assigned to securing a new job declined by 5.8 percentage points in August, reaching 44.9%, while the unemployment rate remained steady at 4.3%.
- NerdWallet economist Elizabeth Renter said, "Consumers are feeling down about job-finding opportunities," and Indeed’s Shrivastava warned continued stagnation may raise layoffs and unemployment.
- The data suggest Americans face a challenging labor market with fewer job openings, prompting expectations of rising unemployment and potential Federal Reserve rate cuts in mid-September.
18 Articles
18 Articles
Colorado Springs Gazette
Washington ExaminerAmericans have record-high pessimism toward finding jobs as labor figures lower than expected
Workers’ confidence in their ability to move jobs has hit its lowest point in over a decade, according to a New York Federal Reserve survey released on Monday. Respondents indicated a perceived 44.9% probability of finding another job after losing…
Americans hit record low confidence in finding new jobs since tracking began in 2013
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 …
Americans' confidence in finding a new job falls to record low
Job seekers’ confidence in finding new employment has fallen, a new survey reveals, another sign of Americans’ negative views of the economy.According to the Federal Reserve Bank of New York’s Survey of Consumer Expectations, the average “perceived probability” 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 collectin…
Worker Confidence in Finding a New Job Drops to 12-Year Low
Americans have grown less confident about being able to find a new job if laid off, according to a New York Fed survey, adding to evidence that the once-red-hot labor market is cooling. The Fed bank’s monthly survey of consumer expectations, released on Sept. 8, showed job-finding confidence falling sharply in August. Respondents expressed a 44.9 percent probability of finding another job after losing their current one, marking a 5.8 point decli…
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