Some 10.5% of consumers surveyed said they had become unemployed between March and July of this year, up from 2.8% in July 2019 and reaching a series high for the survey, which started in March 2014. The average expected likelihood of becoming unemployed also rose to 3.7% in July from 2% a year earlier.
Only 13.5% of individuals said they received at least one job offer in the prior four months, down from 21.0% in July 2019 - a figure that had been rising from March 2018 until March 2020, when the coronavirus began to spread around the world. The average expected likelihood of receiving a job offer in the next four months also dropped sharply to 18.5% in July from 24.1% a year earlier.
Trump Depression!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: