Unemployment Fears Reach Pandemic Levels Among Americans

Americans are experiencing pandemic-level unemployment fears, according to a new survey. The Federal Reserve Bank of New York reported that 44% of respondents believe the national unemployment rate will rise next year, the highest reading since April 2020.

44% of respondents said they believe the national unemployment rate will rise next year. It's the highest reading since April 2020.

Nearly 16% of those surveyed expressed concerns about losing their current job, with the largest increase among those with annual household incomes under $50,000.

Additionally, respondents said it is harder to get access to credit options and believe it will be harder to obtain credit in the year ahead.