"Some 55% of employed Americans say they're concerned about losing their jobs, according to a recent Harris Poll conducted for Bloomberg News. That angst follows a drumbeat of layoff announcements by major employers, including Amazon.com Inc., Target Corp. and Starbucks Corp. Outplacement firm Challenger, Gray & Christmas Inc. calculated the most job cut announcements for any October in more than two decades."
"President Donald Trump and his aides have responded by putting a positive spin on the economic indicators and deflecting blame elsewhere tactics President Joe Biden also used, to little avail along with assuring things will get better. The risk is that, should the job market and prices fail to shift enough to satisfy voters, Republicans risk losing control of Congress in next year's midterm elections."
Voter frustration over rising everyday costs contributed to Democratic gains in state and local elections. Employed Americans show growing job anxiety, with 55% expressing concern about losing their jobs in a Harris Poll. Major employers announced layoffs, and outplacement firms recorded unusually high October job-cut announcements. Sixty-two percent of respondents said everyday item costs climbed in the prior month, with nearly half of those finding the increases difficult to afford. Political leaders have emphasized positive economic indicators and assurances that conditions will improve, while critics warn that steep tariff hikes and other policies do not address voters' primary economic pain points and could risk Republican control of Congress if jobs and prices do not improve.
Read at www.mercurynews.com
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