26-02-2025
US Workers Cite Growing Layoff Fear in Philadelphia Fed Survey
Almost one-third of US workers are concerned about getting laid off by their employers, a share that's risen significantly over the past six months, according to a new Federal Reserve Bank of Philadelphia survey.
Among younger and older cohorts — employees age 18 to 35 and those age 56 to 65 — concern about losing jobs was the highest in at least two years, the Philly Fed's January 2025 Labor, Income, Finances, and Expectations (LIFE) Survey published Wednesday shows. Some 30% of workers said they were concerned about their employer's ability to stay in business.
