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Two separate surveys released on Monday showed an increase in the percentage of Americans worried about losing their jobs.

The big picture: The surveys follow a worrisome trend in corporate downsizing that has been playing out for much of the year and picked up in August.

What they're saying:

  • The New York Fed's consumer credit report found worries about losing a job over the next year increased for the second month in a row to an average 14.2% in August from 13.8% in July. Respondents also said they expect their earnings to grow more slowly over the next year.
  • Fannie Mae's Housing Purchase Sentiment Index also showed the number of Americans concerned about losing their job increased and the net share of Americans who say they are not concerned about losing their job over the next 12 months dropped 4 percentage points.

Yes, but: The increases were minor, with both the New York Fed and Fannie Mae job loss expectation numbers falling well within the typical range of responses over the past few years.

Reality check: U.S. companies did ramp up the pace of job cuts last month, data from Challenger, Gray & Christmas shows, with firms announcing plans to axe 53,480 jobs. That a 38% increase from July's total.

  • Job cuts have been higher every month this year than the corresponding months in 2018, and last month’s job cuts were the highest August total since 2009, per the report.
  • A separate Challenger report found that through July, companies have announced 42,937 job cuts due to bankruptcy — 40% higher than the number announced for this reason through July 2018 and 19% higher than the number of bankruptcy-related job cuts announced through all of 2018.

Go deeper: The U.S. jobs market is starting to worry economists

Go deeper

2 hours ago - World

Hong Kong pro-democracy media tycoon Jimmy Lai detained on fraud charge

An activist holds a placard highlighting China's Tiananmen Square massacre as pro-democracy media tycoon Jimmy Lai arrives at West Kowloon Magistrates' Court in Hong Kong in November. Photo: Isaac Wong/SOPA Images/LightRocket via Getty Images

Hong Kong media tycoon Jimmy Lai is being detained until an April court hearing after the pro-democracy supporter was charged Thursday with fraud, per his Apple Daily news outlet.

Why it matters: The 72-year-old's arrest and denial of bail is another blow for the pro-democracy movement in the former British colony amid concerns about a fresh crackdown on activists.

5 hours ago - Politics & Policy

Inhofe loudly sets Trump straight on defense bill

Sen. Jim Inhofe speaks with reporters in the Capitol last month. Photo: Samuel Corum/Getty Images

Senator Jim Inhofe told President Trump today he'll likely fail to get two big wishes in pending defense spending legislation, bellowing into his cellphone: "This is the only chance to get our bill passed," a source who overheard part of their conversation tells Axios.

Why it matters: Republicans are ready to test whether Trump's threats of vetoing the bill, which has passed every year for more than half a century, are empty.

Conspiracy theories blow back on Trump's White House

Sidney Powell. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

President Trump has rarely met a conspiracy theory he doesn't like, but he and other Republicans now worry the wild tales told by lawyers Sidney Powell and Lin Wood may cost them in Georgia's Senate special elections.

Why it matters: The two are telling Georgians not to vote for Republicans David Perdue and Kelly Loeffler because of a bizarre, baseless and potentially self-defeating theory: It's not worth voting because the Chinese Communist Party has rigged the voting machines.