Free Trial

Consumer Labour Market Perceptions Remain Solid

US DATA
  • Conference Board consumer confidence came in stronger than expected in March at 104.2 (cons 101.0) after an upward revised 103.4 (initial 102.9), with the improvement on the month led by expectations whilst the present situation edged lower.
  • "The cutoff date for the survey was March 20th, about ten days after the bank failures in the United States."
  • With an eye on next week’s payrolls, the labour market differential (jobs plentiful minus hard to get) dipped in March after surprisingly increasing for three months on the bounce – see chart.
  • It came from the jobs plentiful easing just over 2pts whilst the measure of hard to get actually fell to the lowest since Apr’22 for one of the lowest this cycle.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.