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Strong Conf Board Consumer Survey With Historically Low Jobs Hard To Get

US DATA
  • Conference Board consumer confidence was much stronger than expected in July at 117.0 (cons 112.0) after a slightly upward revised 110.1 (initially 109.7) in June, touching its highest since Aug’21.
  • Strong increases were seen in both present situation and expectations measures.
  • Notably, the labor market differential jumped higher to 37.2 from 32.8, its second monthly increase for the highest since February. It was driven by a small increase in the perception of jobs being plentiful but mainly a step lower in the rate of jobs being hard to get, from 12.6 to 9.7 for its lowest since Mar’22 and before that July 2000.

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