OMAHA, Neb.--(BUSINESS WIRE)--The Brotherhood of Railway Carmen (BRC) and Union Pacific Railroad reached an agreement that provides a commitment of job security for hundreds of union employees after Union Pacific and Norfolk Southern merge to build America's first coast-to-coast railroad. The BRC is the latest union to reach an historic agreement with Union Pacific that ensures BRC members employed at both Union Pacific and Norfolk Southern at the time of the merger will have job security for l. ...

Core Insights - Job security is a significant concern for workers due to mass layoffs, with October marking the worst month for layoff announcements in over two decades [1] - The ongoing government shutdown has exacerbated job security fears, affecting thousands of federal employees [1] Group 1: Job Loss Preparedness - Workers are advised to take proactive steps to protect their financial security in anticipation of potential layoffs [2][3] - Understanding rights and benefits post-job loss is crucial, including reviewing employment contracts for insurance benefits and severance packages [4][5] - Familiarizing oneself with state unemployment websites can provide essential information on eligibility, documentation, and benefit amounts [5] Group 2: Financial Management Strategies - Reviewing and adjusting budgets is essential; creating a lean budget focused on essentials can help manage finances during unemployment [6][7][8] - Establishing an emergency fund with three to six months' worth of living expenses is recommended to provide a financial cushion [9][10] - Prioritizing debt repayment can alleviate financial burdens, allowing for better management of essential expenses [11][12] Group 3: Income Diversification - Diversifying income sources can enhance financial security, encouraging individuals to explore freelance opportunities or side gigs [13][14]

Core Insights - Growing pessimism among Americans regarding job security and inflation concerns is highlighted in the latest All-America economic survey [1][5] - A significant portion of the public expresses worry about job loss, with 26% concerned, an increase from previous surveys [2] - Despite job loss concerns, 58% of respondents feel confident about finding a similar job if needed [2][3] Job Security Concerns - 51% of the public is not worried about job loss or finding a new job, while 19% express concern [3] - Black and Latino adults show higher levels of concern and lower confidence compared to white adults, with 61% of white adults feeling confident [3] - Women and college graduates also exhibit elevated concerns regarding job security [4] Inflation and Wage Outlook - 75% of Americans report rising prices, with 50% stating that prices are increasing faster than usual [4] - Only 31% of the public anticipates wage increases in the coming year, with just 8% expecting actual increases, marking the lowest outlook since 2021 [5] - The combination of job concerns, rising prices, and stagnant wages contributes to a negative sentiment about the economy, impacting political approval ratings [5] Economic Sentiment and Partisanship - Economic sentiment is more negative among Democrats compared to Republicans, with independents also trending negatively on economic issues [7]

In a recent survey, nearly three-quarters of respondents said they see the concept of job security differently, and said job security does not seem to be guaranteed for any job, no matter how good you are at it. https://t.co/aGCrDQo2c5 ...