More than 28% of Americans are searching for new jobs — the highest rate in a decade

The New York Federal Reserve’s latest Survey of Consumer Expectations Labor Market Survey reveals that 28.4% of respondents are actively looking for a job—the highest level since March 2014. This includes both unemployed individuals and those currently employed but seeking new roles. Concerns about job security have also risen, with the average expected likelihood of becoming unemployed reaching a record 4.4%, up from 3.9% a year ago.

The increase in job seekers is most pronounced among respondents older than 45, those without a college degree, and those with an annual household income under $60,000. Despite these trends, economists note that layoffs remain low, labor force participation is stable, and job openings remain above pre-pandemic levels.

Rick Goins, a 64-year-old Houston-area resident with decades of communications experience, has struggled to secure full-time work since 2016, relying on contractor roles. He suspects ageism plays a role in his challenges, citing frequent "ghosting" by employers during the interview process.