- Nearly 71% of American adults say now is a good time to find a good job
- Only 15% of American workers think they will lose their jobs next year
- If they lost their job, 63% of American workers think they would find an equally good job
WASHINGTON, DC – With the U.S. unemployment rate steady at a historic low of 3.6%, 71% of Americans say now is a good time to find quality work, and those who have jobs feel safe. largely secure in their jobs. Even if they were to lose their jobs, a solid majority of American workers believe they would find an equally good position.
The US labor market is perceived positively
Americans’ latest positive assessments of the US labor market, from the Gallup poll from April 1-19, are just three percentage points off the 21-year high of 74% recorded last October. The percentage of American adults saying now is a good time to find a good job has been steadily above 70% since last August, considerably higher than the 22% to 43% range seen throughout the first year of the pandemic.
Recent labor market assessments exceed the 68% of Americans who were optimistic about it in January 2020, before COVID-19 shut down many businesses and the unemployment rate soared.
While the majority of all major demographic subgroups say now is a good time to find a good job, American adults with a college degree (79%) are more likely than those without. not (68%) to say that the labor market is good. Similarly, those with an annual household income of at least $75,000 are more likely than those with lower incomes to rate the labor market positively – 79% versus 67%. Supporters’ opinions are somewhat less divergent, with 77% of Democrats and 70% of Republicans and Independents saying now is a good time to find a good job.
Most American workers are secure in their jobs
Just two years ago, at the start of the pandemic, a record 25% of workers said they were “very” or “fairly likely” to find themselves unemployed in the coming year, but that reading fell to 13% last year and is currently 15%. The vast majority now say that losing their job is “not too much” (30%) or “not at all likely” (55%).
Female workers are less secure than men in their jobs, as are adults without a college degree compared to those with one. Similarly, working Americans with an annual household income of less than $75,000 are more likely than those earning more to expect to lose their jobs. These differences have often been observed in previous readings.
American workers are confident to find a good job if they are laid off
Just as employed American adults are widely confident that they won’t lose their jobs next year, most believe that if they did, they could find a job as good as their current position. A total of 31% say it’s “very” and 32% “rather likely”, while 21% think it’s “not too much” and 15% “not at all likely” that they would find a job. such job.
These opinions are similar to what Gallup measured in 2016, when the question was last asked. The lack of change is notable, given that in 2016 far fewer people than today said it was a good time to find quality employment, and this may reflect more fundamental attitudes than people today. people have about their employability or job search skills that are unrelated. to the economy.
Again, opinions differ based on education and income levels. University graduates and those with an annual household income of at least $75,000 are more likely than their counterparts to think they could find a job equivalent to their current position if they became unemployed.
High inflation and gas prices are major concerns for Americans as they find it increasingly difficult to make ends meet. However, the country’s low unemployment rate keeps opinions on the US labor market rather positive.
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