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US Consumer Confidence Restored Slightly on a Firm Job Market

Consumers expect things to look up in the job market. However, people who think that their wages might drop are equally concerned.

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US Consumer Confidence Restored Slightly on a Firm Job Market

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  1. US Consumer Confidence Restored Slightly on a Firm Job Market By Josie Patra March 30, 2022 Article Overview    The surging confidence level of consumer Inflation anticipation Further Reading According to Bloomberg News, US consumer confidence has surged in March, indicating that the solid growth that is taking place in the job market is offsetting the concerns Americans are having related to higher inflation, spending, and growth.

  2. The Conference Board’s index was recorded as 105.7 in February, the lowest in one year. It escalated to 107.2 as per a report Tuesday. In a Bloomberg survey of economists, the median forecast is a reading of 107. The surging confidence level of consumer Although the confidence level was seen to surge, Americans are now going through the highest inflation since 1982, which is far exceeding the gains in wages and is being fueled further by the ongoing Ukrainian war. This has already caused many to curb their limit on spending for services and goods, and if there is a slowdown in buying and subsequent consumption, it will pose a risk to the growth of the economy.

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