Economists Steady as Job Market Cools Amid Consumer Worries

Consumer Confidence and Labor Market Trends

Recent data indicates that Americans are finding it harder to secure jobs, reflecting a cooling labor market. The Consumer Confidence Index shows more people feel jobs are "hard to get" compared to those who find them "plentiful." While this suggests growing concern among consumers, economists aren't raising alarms just yet. Stephanie Guichard, a senior economist at The Conference Board, notes this shift is expected as the market transitions from "super hot" to "strong."