Americans’ Job Prospects Hit 2024 Low as Inflation Expectations Hold Steady
Updated
Updated · Bloomberg · Jun 8
Americans’ Job Prospects Hit 2024 Low as Inflation Expectations Hold Steady
3 articles · Updated · Bloomberg · Jun 8
Summary
May survey data from the New York Fed showed Americans grew more pessimistic about the labor market, with perceived prospects for job seekers falling to their lowest level of 2024.
Inflation expectations were largely unchanged from April, suggesting consumer views darkened on jobs even as price outlooks stayed broadly steady.
The results point to a weaker read on household confidence in the labor market, a key backdrop for assessing consumer sentiment and spending prospects.