New data highlights key trends in job security fears, workforce sentiment and labor market outlook for 2025.
GUAYNABO, Puerto Rico, Jan. 22, 2025 /PRNewswire-PRWeb/ -- MyPerfectResume®, a leading resource for resume and career advice, has announced findings from The Great Stay: 2025 State of the Labor Market Report, which reveals heightened concerns about layoffs, unemployment and burnout. The December 2024 survey of 1,115 U.S. workers found that four out of five U.S. workers (81%) are worried about losing their job in 2025. Another three-quarters (76%) believe layoffs will increase in 2025, and 63% expect more businesses to close this year than closed in 2024.
This new research sheds light on a growing trend among U.S. workers: a collective reluctance to change jobs in an unpredictable labor market. Dubbed "The Great Stay," the phenomenon reflects rising fears of job insecurity and economic instability in 2025.
In response to a volatile labor market, MyPerfectResume's report reveals the following findings:
Job Loss Anxiety Climbs:
Amid growing economic uncertainty, anxiety about job security is reaching new heights. These numbers highlight a workforce increasingly on edge, with fears of job instability shaping career and financial planning decisions.
- 81% of workers say they are worried about losing their jobs in 2025
- 20% report being "much more worried" about losing their jobs this year compared to 2024
- Only 4% say they are not worried in 2025 about job loss and were not worried in 2024.
Layoffs Loom Large:
A majority of workers foresee economic challenges in 2025, with rising layoffs, increased business closures, and higher unemployment on the horizon.
- 76% believe layoffs will increase in 2025.
- 63% expect more businesses to close this year than in 2024.
- 53% anticipate a rise in the unemployment rate.
Burnout Persists:
Burnout is expected to intensify in 2025, with over half of workers anticipating worsening rates, driven by job insecurity, heavier workloads, and poor work-life balance.
- 52% expect burnout rates will worsen in 2025, with another 12% predicting high rates will remain the same
- Job insecurity (43%) is cited as the primary driver of burnout
- Increased workloads (29%), lack of work-life balance (23%), poor management or workplace culture (3%) and others (2%) are the significant contributing factors.
Recession Fears Among Workers
Amid growing economic uncertainty, workers are increasingly concerned about a potential recession, a worsening labor market, and the heightened difficulty of finding new employment in 2025.
- 92% of respondents express concern about a potential recession in 2025
- One-third think the overall labor market will get worse, while 12% think it will stay the same.
- 57% think finding a new job in 2025 will be as difficult or more difficult than it was in 2024
The Role of the Gig Economy:
As economic and workplace dynamics continue to evolve, alternative work arrangements are gaining traction.
- 85% believe businesses will increasingly rely on freelance and contract workers over full-time employees.
- 68% predict further expansion of the gig economy in 2025.
Upskilling as a Survival Strategy:
Workers are prioritizing skill development to stay competitive. The proactive approach demonstrates workers' determination to stay relevant and resilient in a rapidly evolving job market.
- 61% of workers have concrete plans to upskill this year, and 31% are considering it.
- Nearly half (49%) of workers already switched jobs or industries in 2023 and 2024 because of opportunities in their field.
Return to Office Mandates Grow:
This anticipated shift may signal a re-evaluation of hybrid work models and their long-term viability.
- A significant 88% predict more companies will require employees to return to the office in 2025.
"Facing an unpredictable labor market, workers must approach 2025 with a mindset of resilience and innovation," said Jasmine Escalera, career expert at MyPerfectResume. "Exploring new career pathways, staying informed about industry trends, and building a strong professional network can provide the stability and confidence needed to thrive in uncertain times."
Survey Methodology
The findings were obtained by surveying 1115 American respondents on Dec 22, 2024. They were asked questions about their sentiments around salary satisfaction, how they supplement their primary earnings and the challenges they face. These included yes/no questions, open-ended questions, scale-based questions relating to levels of agreement with a statement, and questions that permitted the selection of multiple options from a list of answers.
To view the full report and more information, please visit https://www.myperfectresume.com/career-center/careers/the-great-stay or contact Elizabeth Buccianti, senior manager of public relations, at [email protected].
About MyPerfectResume
MyPerfectResume is the leading resource for resume advice and expert customer care to help professionals elevate their careers with the perfect resume. Created to take the hassle out of resume-writing, the user-friendly program offers professionally crafted templates, expert tips, step-by-step guidance, and valuable career advice to effortlessly create an outstanding resume, CV, and cover letter. Since 2013, MyPerfectResume has helped more than 15 million job seekers create their perfect resumes and has been featured in Forbes, Yahoo! Finance, and more. Stay connected with MyPerfectResume's latest updates on Facebook, LinkedIn and X.
Media Contact
Elizabeth Buccianti, MyPerfectResume, (407) 463-8865, [email protected], https://www.myperfectresume.com/
SOURCE MyPerfectResume
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