Data: 62% of Americans expect the unemployment rate to rise in the next 12 months

According to a report by Jinse Finance, The Kobeissi Letter stated that 62% of Americans now expect the unemployment rate to rise over the next 12 months, marking one of the highest levels since the 2008 financial crisis. This proportion has doubled in less than a year, and such a high percentage has never been seen during non-recession periods. Interestingly, households in the top 33% income bracket are more pessimistic than those in the middle- and low-income groups. In previous economic cycles, a shift in expectations of this magnitude has, in 100% of cases, signaled a surge in unemployment rates.