US Consumer Confidence Rises, Labor Market Shows Stasis with Dropping Job Openings
US consumer confidence unexpectedly edged up in March, despite households remaining downbeat on the labor market and anticipating higher inflation. This comes as the US labor market experiences a peculiar stasis, with total separations dropping to their lowest level since 2015 and job openings sharply declining.
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US consumer confidence rises, but job openings, hiring drop sharply
WASHINGTON (Reuters) -- US consumer confidence unexpectedly edged up in March, but households remained downbeat on the labor market and anticipated higher inflation over the next 12 months amid a surge in gasoline prices and continued tariff pass-through. That labor market apprehension was underscored by the other data Tuesday showing fewer job openings in February and hiring tumbling to a six-year low. Economists say lingering uncertainty caused by President Donald Trump's trade and immigratio
By The Korea Herald
Read full article →Stasis in the US Labor Market: a Peculiar Situation
Total separations drop to the lowest since 2015 beyond the lockdown months.
By Wolf Richter
Read full article →Coverage Timeline
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