Office workers are hanging on to their jobs for dear life. 🔗 https://t.co/lF14QPVHht https://t.co/xY5AqBTAkh ...

Interviewer: why is there a 6 month gap in your resume?Me: took a “mental health break” that quickly turned into trading memecoins, which then led me to perp trading, which then resulted in me realizing that things can always go lower and that i need a stable 9-5 to put food on the table. which brings us here. ...

Employment Concerns - A majority of Americans with jobs are concerned about losing them [1] Economic Hardship - Many Americans report finding it difficult to afford everyday items [1] Data Source - The findings are based on a Harris Poll conducted for Bloomberg News [1]

Core Insights - Nearly half of Americans (45%) are less likely to make major purchases due to the ongoing federal government shutdown, a significant increase from 21% in early October [1][2][8] - The shutdown has negatively impacted the financial situation of over a third of Americans, with 35% reporting they are worse off financially [7][9] Consumer Behavior - The percentage of Americans who are much less likely to make a major purchase has risen from 14% to 28% [2] - 21% of Americans are delaying major purchases, up from 17% in early October, while 15% have canceled plans altogether, an increase from 7% [5] - Just over half (51%) report no change in their likelihood of making a major purchase, down from 64% a month earlier [2][5] Economic Impact - The federal government shutdown, which began on October 1, is estimated by the Congressional Budget Office to potentially reduce the U.S. economy by up to $14 billion and slow growth by as much as two percentage points if it continues through the end of November [4] - Nearly half (46%) of Americans say the shutdown is having a negative impact on their lives, with 16% indicating a major negative impact [6] Financial Strain - Among those with monthly housing payments, 7% have missed a payment in the past three months, and 13% have been late [10] - 14% predict they will miss or be late on a housing payment in the next three months [10] - The most cited reason for missed or late payments is a decrease in income or income delays (34%) [13] Job Security Concerns - Approximately 33% of workers express concern about their job security, a figure that remains stable compared to previous surveys [15] - The majority (61%) of employed respondents feel confident about their job security, with 41% very confident [16]

Labor Market Trends - The US economy has experienced a loss of 1.2 million jobs since April 2024 [1] - The quits rate has decreased to approximately 2% following fluctuations since the pandemic [1] - Employers are hiring at the slowest rate since 2013, excluding the pandemic period [2] - A significant portion, 58%, of US professionals surveyed feel their skills are underutilized in their current roles [3] Employee Sentiment and Engagement - Four out of five employees surveyed indicated they are not thriving at work [3] - There is considerable anxiety regarding the direction of both the economy and the labor market, contributing to job retention [4] - The labor market currently lacks significant churn [3] Company Implications - Companies may be experiencing retention, but this could be masking disengagement among employees [3] Economic Impact - Reduced mobility in the labor market may be slowing down innovation [3]

Career & Employment Trends - Job security strategies are crucial in the current layoff-prone environment [1] - The report likely discusses methods for individuals to enhance their job security [1]

Growing pessimism from Americans on the jobs and inflation front according to CNBC's latest All-America economic survey. Let's get over to Steve Leman. He's got some of the key takeaways for us.Steve, >> thanks Dave. Yeah, the public's concern with losing their job grew in the latest allameric survey along with ongoing worries about inflation and wages not keeping up. Take a look.28% or 20 sorry, 26% of the public is worried about losing their job. Uh, and that's up from the average of the last several time ...

Financial Planning & Security - The industry emphasizes the importance of having savings to cover at least 6 months of living expenses as a measure of financial independence [2] - The industry suggests that job loss is a likely event, highlighting the need for an emergency fund [1][2] - Savings provide the flexibility to find a better job after a job loss, rather than being forced to accept the first available option [4][5] Impact of Insufficient Savings - Lack of savings can lead to accepting undesirable jobs due to financial constraints [4] - Without savings, individuals may face significant trauma during difficult times [3]

Government Shutdown Impact - Federal government employees are facing job insecurity due to potential agency closures and mass layoffs threatened by the government [1][2][3] - The situation is perceived as different from previous shutdowns, with concerns about the long-term viability of government agencies and their ability to serve the public [2][4] - The government shutdown is impacting services provided to citizens, including those awaiting assistance from government agencies [1] Employee Concerns - Employees express concerns about their job security and the potential loss of their livelihoods [1][3] - There is a sense of resolve among employees to fight for the funding and continuation of government agencies [3][4] - The government's actions are viewed as a bullying tactic [3] Call for Change - There is a desire to move beyond the status quo and ensure adequate funding for government agencies to fulfill their missions [4]

Core Insights - U.S. consumer sentiment fell to its lowest level since May, with a reading of 55.1 in September, indicating significant concerns about inflation, job security, and the overall economic outlook [1][2]. Consumer Sentiment Overview - Consumer sentiment reflects the optimism or pessimism regarding personal finances and the economy. A high index suggests confidence in spending, while a low index indicates worries that may lead to reduced purchases [2]. - Consumer spending constitutes approximately two-thirds of U.S. economic activity, making shifts in sentiment a potential early indicator of slower economic growth [3]. Factors Contributing to Lower Consumer Sentiment - Economic behavior is influenced by consumer sentiment; uncertainty leads to reduced major purchases and increased savings, negatively impacting overall consumer spending [4]. - Concerns in the job market persist despite a relatively stable labor market, with fears of layoffs, hiring slowdowns, and wage stagnation contributing to anxiety [6]. - Trade policies and tariffs are a significant concern, with nearly 60% of survey respondents mentioning tariffs as a threat to prices and economic stability [6]. - High prices and inflation remain a pressing issue, with everyday expenses like groceries and rent still elevated compared to previous years, despite a general cooling of inflation [6]. Differentiated Impact on Income Groups - Higher-income families with substantial stock portfolios maintained their confidence, supported by a resilient stock market, while lower-income families are more likely to tighten their budgets [5].