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Conf Board Labor Differential Slips To Lowest Since Nov

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  • The Conference Board consumer survey saw a sizeable miss for consumer confidence, falling to 97.0 (cons 104.0) in April from a downward revised 103.1 (initial 104.7) in March.
  • It's the lowest since Jul 2022 and before that early 2021.
  • The labor differential added to the dovish takeaway from the headline figure, falling to 25.3 from a downward revised 29.5 (initial 32.2). It’s the lowest since Nov and before that Apr 2021.
  • It’s the third consecutive monthly decline from a recent peak of 31.7 in January, and is notable as it takes it further away from the 33 averaged in 2019.
  • The decline in the net measure came as jobs plentiful at 40.2% fell to the lowest since Nov and jobs hard to get at 14.9% increased to its highest since Nov.
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  • The Conference Board consumer survey saw a sizeable miss for consumer confidence, falling to 97.0 (cons 104.0) in April from a downward revised 103.1 (initial 104.7) in March.
  • It's the lowest since Jul 2022 and before that early 2021.
  • The labor differential added to the dovish takeaway from the headline figure, falling to 25.3 from a downward revised 29.5 (initial 32.2). It’s the lowest since Nov and before that Apr 2021.
  • It’s the third consecutive monthly decline from a recent peak of 31.7 in January, and is notable as it takes it further away from the 33 averaged in 2019.
  • The decline in the net measure came as jobs plentiful at 40.2% fell to the lowest since Nov and jobs hard to get at 14.9% increased to its highest since Nov.