People are Desperately Losing Hope in the Labor Market

Americans continue to say they're alarmed about job prospects. That's what consumer confidence is truly about, not consumer spending. Workers see and understand labor market shifts before they show up in the major data sources. The latest income data show there is every reason to believe what consumers are seeing. Eurodollar University's Money & Macro AnalysisConference Board September 2024https://www.conference-board.org/topics/consumer-confidence/press/CCI-Sep-2024FRBNY Consumer Confidence: A Useful Indicator of . . . the Labor Market?https://libertystreeteconomics.newyorkfed.org/2013/09/consumer-confidence-a-useful-indicator-of-the-labor-market/FRBNY Survey of Consumer Expectationshttps://www.newyorkfed.org/microeconomics/sce#/earnuncert-1https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU