There are signs that the labor market has been slowing. Since June 2023, the unemployment rate is up 0.5% to just over 4% — not high by historic standards, but that’s still 800,000 more Americans out of work than last year. And jobless claims are up, indicating layoffs have been rising too.
A new survey finds folks are ready to do a lot to try to avoid that fate. ResumeBuilder.com surveyed more than 1,200 workers to find out what they’d be willing to do not to get laid off.
“Many people live one paycheck away from being in really bad financial situations,” noted Carl Van Horn at the Rutgers Center for Workforce Development.
Families striving to move up the economic ladder may also be at risk, he said. “People may have made investments that, if they lose their job, they may lose their car, they may lose their house.”