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TheStreet Open House

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

NEW YORK, May 1, 2013 /PRNewswire/ -- In a new nationwide survey conducted by TheStreet's (NASDAQ: TST) MainStreet.com site and GfK 1 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.

(Photo: http://photos.prnewswire.com/prnh/20130501/NY05351-INFO)

(Logo: http://photos.prnewswire.com/prnh/20130102/NY35868LOGO-b)  

"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 SurveyResults 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.

About TheStreetTheStreet, Inc. ( www.t.st) is the leading independent digital financial media company providing business and financial news, investing ideas and analysis to personal and institutional investors worldwide.  The Company's portfolio of business and personal finance brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and Rate-Watch. To learn more, visit www.thestreet.com.  The Deal, the Company's institutional business, provides intraday coverage of mergers and acquisitions and all other changes in corporate control.  To learn more, visit www.thedeal.com.

Contact:

Erin CorcoranTheStreet, Inc.212-321-5566 erin.corcoran@thestreet.com

SOURCE TheStreet, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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