Pennsylvania Trust

Job Security Is At Decade High

Job Security Is At Decade High

U.S. workers are growing more confident amid a robust labor market. According to this month’s University of Michigan survey workers see a 15.5 percent chance of losing a job over a five-year horizon, the lowest level since 2007. While the U.S. did add the fewest number of jobs last month in more than a year, the unemployment rate fell and is near a five-decade low.  This latest reading may point to the slack being drained from the labor market but should be a positive economic factor as we close the quarter.


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