This 2009 Work Trends survey found the American worker in a state of deep distress due to the economic downturn. Many of those in the labor force either believe the U.S. economy is in a depression, or think the economic problems indicate the economy is undergoing fundamental and lasting changes. Job losses are widespread. A significant portion of workers say they have been laid off from a full- or part-time job in the past three years, or have seen colleagues get laid off. Meanwhile, many express their lack of confidence in the American banking system.