Posted on 07/12/2022 9:58:43 PM PDT by RomanSoldier19
Almost four in five US employees fear losing their job during a potential upcoming recession, pointing to a high level of anxiety among workers amid increasing talk of an economic downturn.
That’s according to a recent survey from staffing company Insight Global, which also found that 54% of workers would take a pay cut if it meant staying employed. A similar share don’t think their job is recession-proof.
A growing chorus of economists are predicting a US recession within the next 12 months as the Federal Reserve ramps up its fight against decades-high inflation. Price increases are outpacing wage gains and denting Americans’ spending power, leading many to conclude that the downturn is already here.
Even so, the labor market has remained a bright spot, as the US unemployment rate is forecast to stay near the lowest in more than 50 years in June when government data are released Friday. Layoffs are historically low, despite select job-cut announcements from companies such as Netflix Inc. and Tesla Inc.
Americans have good reason to fear for their job security -- almost nine out of 10 managers said they would “likely” have to lay off employees during a recession, according to the survey conducted in June, which polled more than 1,000 US workers largely in white-collar industries.
There are signs that workers are already getting squeezed. Applications for US unemployment insurance last week rose slightly to the highest since January, suggesting that the strength in the labor market is moderating.
Some 56% of American workers say they don’t feel financially prepared for a rec
(Excerpt) Read more at fa-mag.com ...
Clearly too many of them voted this upon themselves and everyone else.
Who is that top guy?
Tropic Thunder (2008)
Tom Cruise: Les Grossman - Grossman’s Office
Right now they don’t have to worry.
However, after the central bankers get done hiking interest rates on the “potato head administration.”
They better be worried about their jobs, as the bankers shear their unproductive jobs going into 2024.
As one Trump critic said about the jan6 kangaroo committee, in his foolishness.(I’m directing this at you AmericaninTokyo)😀 but applying it to economics.
“Its not going to be pretty.”
Tom Cruz as Les Grossman in Tropic Thunder. Perfect portrayal of a sleazy movie producer ala Harvey Weinstein.
Winstead. Into community association management. Recession proof and growing.
>> Almost 80% Of U.S. Workers Fear Losing Their Job In A Recession,
After the 18 month COVID hiatus? So now it’s serious?
It’s the lack of bloodshed that pisses me off.
You mean it’s not transitory? /sarc
I know I have been prepping more these last few years. I am in a usually recession proof industry (can anyone guess what that is?) and even I expect to be laid off.
The sudden stop is coming, folks, so prepare. Go look that economics term up.
If you have the job title Diversity and Inclusion or Sustainability you should always fear losing your job.
I am so screwed.
Prostitution?
Good guess and in some ways correct. My pay check ia ultimately paid for by the federal government although there is an intermediary called a limited liability corporation.
Far too many government employees who have helped crash this economy are insulated from the results. In fact they gain; they can buy up items at discount prices.
No need for them to buy up item just go pick them up after everyone is on the government farms.
Kinda puts a damper on the “Great Resignation”. Idiots will be begging for jobs stocking grocery shelves.
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