Americans have grown less confident about being able to find a new job if laid off, according to a New York Fed survey, adding to evidence that the once-red-hot labor market is cooling.
The Fed bank’s monthly survey of consumer expectations, released on Sept. 8, showed job-finding confidence falling sharply in August. Respondents expressed a 44.9 percent probability of finding another job after losing their current one, marking a 5.8 point decline from the prior month and the lowest level since the New York Fed started tracking the measure in 2013.
