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The perceived probability of losing one's job over the next 12 months soared to nearly 21% in April, according to a New York Federal Reserve survey released Monday. It was the second straight month of a record high for this metric in the survey, which the NY Fed launched in 2013. Workers are also worried about how they'll land another job if they lose theirs. The perceived probability of finding a job in the next three months tumbled 6.1 percentage points to 47% in April, the largest monthly decline ever recorded. The survey described "considerable deteriorations" in household expectations, including record lows for expected earnings, income and spending growth.
Conclusion: Air cooled prices will increase by at least 70% over the next 6 months!!
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