But Bidenomics is working!
Kamala says it is so it must be true.

'More than 28% of Americans are searching for new jobs — the highest
rate in a decade'
'People’s fears of losing their jobs are at the highest point in a New
York Fed survey’s 10-year history, even as the unemployment rate remains
low.'

<https://www.nbcnews.com/business/economy/28-americans-are-now-searching-new-job-highest-rate-decade-rcna167368>

'A new labor market survey shows Americans have rarely felt more in need
of new job opportunities — an indication of a more negative outlook
about the economy despite other data that suggests a more stable
picture.

The New York Federal Reserve's latest poll of consumers found 28.4% of
respondents were looking for a job — the highest reading since March
2014 and up from 19.4% a year ago. That includes both individuals
already out of a job and ones currently employed but seeking new roles.

The readings, from the New York Fed's thrice-annual Survey of Consumer
Expectations Labor Market Survey, add to evidence that the U.S. economic
outlook is worsening, even as some economists dial back their odds of a
recession. While the unemployment rate remains relatively low at 4.3%,
it is up from its post-pandemic low of 3.5%.

After a period of booming post-pandemic growth — tempered by surging
inflation — signs continue to mount that the U.S. economy is entering a
significantly softer period.

"The vibes have gotten worse," said Guy Berger, director of economic
research at the Burning Glass Institute, a labor research group.

He said the survey likely reflects respondents' hearing about or having
someone in their social network who's experienced difficulty finding
work.

"It's not like people should be panicked — this is not like 2008, or
Covid — but, given an ordinary person’s balance of risks, it probably is
a little higher," Berger said.

Expectations of losing one’s job also hit a record, the new survey
found: The average expected likelihood of becoming unemployed rose to
4.4%, up from 3.9% a year ago and the highest level ever recorded for
the survey, which goes back to 2014.

Despite those increasingly worrisome datapoints, economic forecasters
say a full-blown recession, commonly defined as two-consecutive quarters
of negative growth, remains unlikely.

Berger noted that layoffs remain low, and that the percentage of the
population aged 25 to 54 who is employed, at 80.9%, remains at all-time
highs. Overall labor force participation, or the share of the adult
population that is employed or unemployed, has been stable for the past
year at just under 63%. And the rate of job openings to positions
remains above pre-pandemic highs at 4.9%.

The New York Fed said the increase in job searchers was most pronounced
among respondents older than 45, those without a college degree, and
those with an annual household income less than $60,000.

Rick Goins, a 64-year-old Houston-area resident with decades of
communications experience, is among those who've encountered difficulty
finding new work.

In fact, he has not had a full-time role since 2016, managing only to
move between contractor gigs. During the pandemic, he secured a
contractor role that lasted nearly two years, but that ended in
February.

"I'm not old enough to retire, and not old enough for Medicare," Goins
told NBC News. "I want to keep my skills up ... I've got a lot left in
tank."

He said he'd lost count of the number of times he's been "ghosted" by
employers who fail to follow up in the middle of an interview process,
and said he is concerned ageism is playing a role in his lack of
success.

"They want someone who's 25 years old with 25 years of experience and
who'll take a $25 (an hour) salary," he quipped.

Rob Wile