Americans braced for biggest unemployment rate jump since the pandemic as tariffs muddy outlook

[mahatmakanejeeves]

Yahoo Finance
Americans braced for biggest unemployment rate jump since the pandemic as tariffs muddy outlook

Alexandra Canal Senior Reporter
Updated Mon, April 14, 2025 at 11:08 AM EDT
3 min read

Unemployment concerns are on the rise among American workers as fears about the labor market in March reached levels last seen during the pandemic, according to a new survey released by the Federal Reserve Bank of New York on Monday.

The NY Fed's survey showed mean unemployment expectations among respondents — or the mean probability that the US unemployment rate will be higher one year from now — jumped 4.6 percentage points to 44% last month, the highest level since April 2020.

The average expected likelihood of becoming unemployed in the next 12 months increased by 1.6 percentage points in March to 15.7%, the highest level since March 2024. The increase was largest for respondents with annual household incomes below $50,000.

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[Tarzanrock]

1. The Turd's self-inflicted economic Recession.

The Turd's self-inflicted economic Recession. A bad Spring will become an awful Summer which will turn into a terrible Fall before becoming a horrible Winter. You can add to this "unemployment" rate a huge increase in "inflation" and "stagflation" and a 25% increase in prices on everything resulting from and proximately caused by the Turd's insane economic tariffs. Never, in my lifetime, would I have imagined an Amercian President who was this incompetent, this stupid, this malicious, this "evil," and this vindictive towards the American people!

[OrlandoDem2]

2. It's time to close your wallets and protect yourself

Hunker down!

Stop going out to eat.

Stop impulse buying.

You need to save your money, pay bills, etc. An economic downturn of some degree is coming.