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Perception Of Jobs Being Hard To Get One Of Lowest On Record

US DATA
  • The Conference Board consumer confidence figure may have been in line with expectations in January but the labor market differential increased strongly.
  • It increased from 27.3 to 35.7 for its highest level since April, whilst the 8.4pt increase was the strongest monthly increase since May’21.
  • Jobs plentiful increased from 40.4 to 45.5 (highest since April) whilst jobs hard to get fell from 13.1 to 9.8. It has only been lower in two months of the data since at least 1985 (9.6% in Mar’22 and Jul’00).
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  • The Conference Board consumer confidence figure may have been in line with expectations in January but the labor market differential increased strongly.
  • It increased from 27.3 to 35.7 for its highest level since April, whilst the 8.4pt increase was the strongest monthly increase since May’21.
  • Jobs plentiful increased from 40.4 to 45.5 (highest since April) whilst jobs hard to get fell from 13.1 to 9.8. It has only been lower in two months of the data since at least 1985 (9.6% in Mar’22 and Jul’00).