Americans grew more confident about keeping their jobs and finding new work in September, while expecting faster household income growth and a lower likelihood of falling behind on debt payments, according to a Federal Reserve Bank of New York survey released Wednesday.
\n\nThe perceived probability of losing a job over the next 12 months fell to 13.5 percent, its lowest level since December 2024. Consumers also reported better prospects of finding another job and a greater likelihood of leaving their current positions voluntarily.
\n\nThe findings from the New York Fed’s monthly Survey of Consumer Expectations showed improvement across several measures of employment and household payment confidence, even as consumers anticipated higher inflation in the near term.
\n\nThe average perceived probability of finding work within three months after losing a job increased to 46.1 percent from 45.4 percent, moving above its trailing 12-month average. The expected probability of quitting voluntarily rose to 19.9 percent from 19.5 percent.
\n\nDeclining job-loss expectations were driven by respondents between ages 40 and 60 and those with annual household incomes above $100,000. The increase in expected quits was driven by those without a bachelor’s degree and respondents above age 40.
\n\nConsumers also assigned a lower probability…
Original source: https://www.breitbart.com/economy/
