Americans are again growing concerned about losing their jobs: NY Fed

Americans are again fearful of losing their jobs, according to a survey from the Federal Reserve Bank of New York released Monday.

For the month of August, the average respondent in the New York Fed’s survey of consumer expectations said there was an 18.0% chance of losing their job in the next 12 months. That figure is a noticeable increase from the 16.0% chance reported in July and marks the second consecutive month of job loss concerns rising.

The New York Fed said worries over becoming unemployed were more pronounced among those without a college degree (21.3% perceived chance) and those with a household income below $50,000 a year (24.9% perceived chance).

People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, U.S. June 18, 2020. REUTERS/Bryan Woolston

The trend marks a reversal of labor market optimism over the course

Read More

Parents Concerned Over DOE Plan to Randomly Test Students

Jennifer Calderon says she’s already anxious about sending her three children back to school during the pandemic. So she says a new city policy allowing the Education Department to randomly test all students for cOVID-19 is unacceptable.

What You Need To Know

  • Under the deal to reopen school, teachers and students will be subject to random Covid testing beginning Oct. 1
  • Parents say they don’t object to the testing, but they do object to it being done in school when they’re not present
  • Parental consent is required. Children of parents who do not provide consent will have to learn remotely
  • The Education Department defended the program, saying it must take aggressive safety measures to keep students and staff safe

“You do not touch my kid without me there. That’s it. You do not,” Calderon said.

The DOE announced the policy last week as part of an agreement with the teachers

Read More