Lates News

The dissatisfaction with the ability to bear the burden of life has driven the Democratic Party to victory in last week's state and local elections. In addition, Americans are also uneasy about the job market. According to a recent Harris Poll commissioned by American institutions, about 55% of employed Americans express concerns about losing their jobs. This anxiety follows a series of layoff announcements from major employers, including Target and Starbucks. Challenger, a job placement company, estimates that the number of layoff announcements in October is the highest for any October in over twenty years. 48% of respondents said it would take them four months or longer to find a new job of similar quality if they were to lose their current job. The margin of error for this survey of 2,203 adults is plus or minus 2.5 percentage points. Michael Reich, an economics professor at the University of California, Berkeley, said, "Some signs, including the latest consumer confidence surveys, indicate that the economy and the labor market are weakening. If these trends continue, the ruling party will be criticized. This is ominous for Republicans in next year's midterm elections."