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Conf Board “Hard To Get” A Job Still Trending Higher

  • Conference Board consumer confidence beat expectations in Dec, at 110.7 (cons 104.5) after 101.0, its highest since July on similar relative trends in both the present situation and expectations components.
  • The labor market differential didn’t improve though, essentially unchanged at 23.9 from 23.8 for the lowest levels since Apr 2021 and still below the 33 averaged in 2019.
  • The unchanged differential came as another push higher in “hard to get” work as offset by a bounce in jobs plentiful. At 15.4% from 14.1%, the hard to get measure marked a high since Mar 2021 vs the 12.6% averaged in 2019.

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