Recession is inevitable... or is it?
Recession. One word that can strike fear into the hearts of millions. From Washington to Wall Street, it’s being discussed as a distinct possibility. So how did we get here?
Inflation and interest rates rise. Workers’ spirits get low. Experts get pessimistic. But are these fears justified? And what does the average American worker really think?
To get to the bottom of this, ResumeLab decided to poll 1,000+ employees and explore how they really feel about a potential recession, the 2022 US labor market, and the current economic outlook. Here are some of the findings:
- 4 in 10 respondents feel pessimistic about the future.
- Almost half (46%) feel less secure in their jobs now than a year ago.
- As many as 58% believe they will lose their job in the next six months.
- 8 in 10 are looking for a new job now because of the potential recession.
- Likewise, 80% claimed that rising inflation had already affected their standard of living.
- 82% believe there will be an economic recession in the US in 2022. What’s more, this prospect worries 9 in 10 survey takers.
Learn much more from the infographics below...
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