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

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