Axios
New survey data shows an elevated share of workers are looking for jobs alongside rising expectations of unemployment in the months ahead.
Economic data suggests the job market is softening. Consumers’ expectations about the health of the labor market are following suit.
The share of workers who looked for a job in the last month rose to 28% in July, according to a survey from the Federal Reserve Bank of New York of consumer labor market expectations. That is the largest share since 2014 and a nearly 10 percentage point jump from the same time a year ago.
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