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MNI INTERVIEW: US Job Worries Grow - Conference Board

MNI speaks to the Conference Board about its August survey of consumers.

MNI (WASHINGTON) - U.S. consumers are showing more concern about the labor market and their income prospects even as businesses report continued hiring and retention of their workforce, Conference Board senior economist Stephanie Guichard told MNI. 

The differential between consumers who say jobs are plentiful and those saying jobs are hard to get fell to 16.4%, the lowest since 2017, excluding the pandemic. Meanwhile, the Conference Board's expectations index, measuring confidence on income, business and the job market in the coming six months, climbed to 82.5 in August from 81.1 in July. 

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MNI (WASHINGTON) - U.S. consumers are showing more concern about the labor market and their income prospects even as businesses report continued hiring and retention of their workforce, Conference Board senior economist Stephanie Guichard told MNI. 

The differential between consumers who say jobs are plentiful and those saying jobs are hard to get fell to 16.4%, the lowest since 2017, excluding the pandemic. Meanwhile, the Conference Board's expectations index, measuring confidence on income, business and the job market in the coming six months, climbed to 82.5 in August from 81.1 in July. 

Keep reading...Show less