{"id":255781,"date":"2024-08-20T19:46:46","date_gmt":"2024-08-20T19:46:46","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/20\/the-stock-market-is-booming-and-the-economy-is-strong-but-job-anxiety-is-soaring\/"},"modified":"2025-06-25T17:12:00","modified_gmt":"2025-06-25T17:12:00","slug":"the-stock-market-is-booming-and-the-economy-is-strong-but-job-anxiety-is-soaring","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/20\/the-stock-market-is-booming-and-the-economy-is-strong-but-job-anxiety-is-soaring\/","title":{"rendered":"The stock market is booming and the economy is strong, but job anxiety is soaring"},"content":{"rendered":"

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The economy may look strong on paper, but Americans are more worried than ever about losing their jobs as fears of a \u201cvibecession<\/a>\u201d take hold.\u00a0<\/p>\n

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The portmanteau \u201cvibecession,\u201d coined by Gen-Z economist and TikTok star Kyla Scanlon, refers to the disconnect<\/a> that occurs when public financial sentiment is negative even though the economy isn\u2019t in a recession. Given the growing chasm between the stock market and job anxiety, the phenomenon appears to be in full swing.\u00a0<\/p>\n

A labor market expectations survey<\/a> by the Federal Reserve Bank of New York showed that the average expected likelihood of being unemployed rose to 4.4% in July, the highest level since 2014 and up from 3.9% a year earlier.\u00a0<\/p>\n

The number of people seeking a job in July was also at its highest since 2014 at 28.4%\u2014a marked increase over the 19.4% seeking jobs a year ago. The report, which surveyed 1,000 nationally representative respondents, also highlighted several other worrying labor trends including a record low number of people still working for the same employer.<\/p>\n

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