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Job Security Increases

Job Security

As we come out of the pandemic people are feeling more secure in jobs.

As the economy recovered from Omicron-related disruptions this past month, Americans became less fearful that they could lose their jobs or see their hours reduced, Axios’ Kate Marino writes.

But those concerns receded a lot more for higher-wage workers than they did for those making less than $50,000 per year, new data from the Morning Consult/Axios Inequality Index shows.

The big picture: That sort of labor market uncertainty, more pronounced among the lower-income group, doesn’t show up in the jobs report — but it does have a real economic impact because it causes people to hold off on making large purchases or major economic decisions, Morning Consult economic analyst Jesse Wheeler tells Axios.

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