It’s not just affordability, Americans are anxious over jobs too

Economic Sentiment and Job Market Concerns - Voter frustration over affordability has influenced Democratic wins in recent state and local elections, with growing unease about the job market among Americans [1] - A Harris Poll indicates that 55% of employed Americans are concerned about job loss, coinciding with significant layoff announcements from major companies like Amazon, Target, and Starbucks [2] - The cost of living is a major concern, with 62% of respondents in a recent poll reporting increases in everyday item prices, and nearly half finding these increases difficult to manage [3] Political Responses and Strategies - The Trump administration is attempting to project a positive economic outlook while deflecting blame, similar to strategies used by the Biden administration, but risks losing control of Congress if economic conditions do not improve [4] - Economic advisor Tobin Marcus notes that the Trump administration's economic program does not directly address voters' primary concerns, particularly regarding affordability [6] - Plans are being considered for President Trump to increase domestic travel and speeches focused on cost of living issues, as he has done less compared to previous presidents [7] Economic Indicators and Consumer Sentiment - Consumer sentiment has declined, with a University of Michigan survey indicating it is near record lows, and a Federal Reserve Bank of New York survey showing rising expectations of higher joblessness [11] - Job growth has significantly slowed, with payroll gains dropping from an average of 168,000 per month last year to just 27,000 from May to August [9] - Economic pressures from Trump's tariff policies have contributed to uncertainty among businesses, affecting hiring incentives [9] Future Economic Outlook - The administration is optimistic about future economic improvements, citing potential job gains from investments in artificial intelligence and manufacturing [12] - Treasury Secretary Scott Bessent claims that the return of manufacturing jobs is just beginning, with hiring plans from companies like Boeing [12] - Trump has proposed unconventional ideas, such as $2,000 "dividend" payments to Americans funded by tariff revenue, in response to economic challenges [13]