Anxiety Persists; Almost Half Of U.S. Still Fearful Of Losing Their Jobs

MainStreet reveals results from GfK Roper survey on job sentiment

May 01, 2013, 08:30 ET from TheStreet, Inc.

NEW YORK, May 1, 2013 /PRNewswire/ -- In a new nationwide survey conducted by TheStreet's (NASDAQ: TST) site and GfK1 44% of Americans are concerned about losing their jobs. Initiatives, such as the Jumpstart Our Business Startups (JOBS) Act, aimed at launching new businesses which could in theory offer employment opportunities, hasn't had much impact yet.



"The underlying rationale behind the JOBS Act — as long as it doesn't get screwed up — is incredibly powerful and necessary for our country right now," says Ryan Feit, the co-founder and CEO of SeedInvest. "Innovation and jobs are at stake with the JOBS Act. The fact that it's taking so long is frustrating, but it's not a secret that raising capital is an antiquated process."

Survey findings:

  • Just over 30% of respondents were aware of the JOBS Act; of that group more than 60% didn't feel the JOBS Act had created employment opportunities in their region
  • 36% of Western region respondents felt unemployment had dropped in their area followed by the Midwest (34%); South (31%) and Northeast (30%)
  • 27% of Americans were not confident they could find work if they lost their jobs today

Read Ross Kenneth Urken, MainStreet's personal finance editor, analysis of the survey featuring expert commentary here.

1 GfK Custom Research North America, April 2013

About the Survey Results contained in this report are based on a survey conducted by TheStreet and GfK Roper Public Affairs & Corporate Communications. Telephone interviews were conducted from April 19-21, 2013 among a total of 1,006 adult Americans. The margin of error for this study is +/- 3 percentage points for the sample.

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Erin Corcoran TheStreet, Inc. 212-321-5566

SOURCE TheStreet, Inc.