As Labor Day approaches, U.S. workers don’t seem to be in a celebratory mood, with rumblings about a possible economic downturn raising anxiety that layoffs will rise.
Nearly two-thirds of Americans recently polled by LendingTree think a recession is coming. And 41% expect unemployment to increase over the next year, according to the Federal Reserve Bank of New York — a seven percentage point jump since January. Two in five workers are personally worried about losing their job in the next 12 months, a 2025 study by the American Psychological Association found.
