Americans Are Feeling Good About the Job Market
A new survey from Gallup shows Americans feel good about the job market, and those who are employed feel secure in the positions they have.
The survey was conducted from April 1-19.
The survey found 71% of U.S. adults say it’s a good time to find a quality job, just three percentage points off the 21-year high of 74% measured last October.
It’s also above the 68% measured in January 2020, before the pandemic.
The percentage who say it’s a good time to find a job has held steady above 70% since August 2021, remaining considerably higher than the 22% to 43% range throughout the first year of the pandemic.
Gallup found majorities of all demographic subgroups agree it’s a good time to find a job, with U.S. adults with college degrees (79%) and those in households making above $75,000 (79%) especially likely to view the job market positively.
Substantial majorities of Democrats (77%), Republicans (70%), and independents (70%) also agreed.
Among Americans who are employed, 85% say it’s unlikely they’ll lose their job within the next 12 months, well above the 75% in April 2020.
Even if they were to lose their job, 63% say it’s likely they could find a new one just as good as the one they have now.
Where we’re at:
Americans’ perceptions about the job market seem to be aligned with reality, as initial unemployment claims fell by 8,000 last week to 210,000, beating the median estimate of 215,000 by economists in a Bloomberg survey.