Plans to Quit Rise But So Do Fears of Layoffs—Thanks to the Fed and AI
Are workers gaining or losing confidence about their job prospects?
On Monday, the Federal Reserve Bank of New York released the results of its monthly consumer expectations survey —and the results provided ammunition to both optimists and pessimists.
The mean probability workers assigned to voluntarily leaving their jobs in the next 12 months jumped 2.6 percentage points to 20.8 percent, the highest reading since February 2023. This is an indication of economic confidence because workers are more likely to expect to leave their jobs—and more likely to actually quit—when…
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