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20 sats \ 13 replies \ @Undisciplined 21 Mar \ parent \ on: Americans' job anxiety soars to highest level in 10 years econ
It's hard to expect more unemployment when the government has shut down most of the economy already.
It's about job anxiety which should be more when the government has shut down most of the economy already.
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The title says it's about expecting more unemployment over the next year. That's hard to do when everyone's unemployed already.
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I see Biden left everyone employed so Trump's been laying off.
I'm now sure that you're a full time republican 😉 and that's your job 😜
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Look at the timing of that low point. Do you think it was unrelated to covid lockdowns?
Why are you so defensive about the Democrats? Also, it was under Trump that the economy was initially shut down, so maybe you should recalibrate who you think I'm criticizing.
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Why are you so defensive about the Democrats?
Not defending them for sure. I've no affiliation to the Dems nor to the reps. Just trying reciprocate things as Trump isn't liked by anyone outside USA (for now) for he just keeps threatening everyone with tariffs.
And you're right that came about Covid but that was good, please read the chart again. The highest is the anxiety, the worse environment it represents for employment. The lower it is, the best environment for employment it represents.
So it seems the current environment for jobs isn't looking good but it was better even in the Covid times.
Now am I missing something?
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I think you are missing something. The chart isn't about expectation for levels of unemployment, at least not how I read it, but for changes in unemployment.
Right now, 66% of people are expecting there to be more unemployment over the next year. That makes sense, because unemployment has been low and there's a lot of economic uncertainty on the horizon.
When the economy was locked down, unemployment was extremely high and people were hoping for a return to normal, so very few expected unemployment to increase.